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Whom to believe?
India’s lenders were recovering, until coronavirus set them back by years; NPAs to jump this fiscal
India’s banking sector, after a series of reforms, was finally treading on the path of recovery where it was getting a grip of the bad assets and bringing credit costs in control, however, the coronavirus pandemic has dealt such a blow to the sector that recovery is now a distant dream.

https://www.financialexpress.com/in...-in-non-performing-loans-this-fiscal/2008755/
 
Whom to believe?
India’s lenders were recovering, until coronavirus set them back by years; NPAs to jump this fiscal
India’s banking sector, after a series of reforms, was finally treading on the path of recovery where it was getting a grip of the bad assets and bringing credit costs in control, however, the coronavirus pandemic has dealt such a blow to the sector that recovery is now a distant dream.

https://www.financialexpress.com/in...-in-non-performing-loans-this-fiscal/2008755/
recovery will take long time. Some from industry were believing that people will start spending immediate after lockdown opens, take loans from bank and spend the borrowed money with NBFCs or banks.

However in developed countries (where covid attacked first) it is seen that households are saving ! so Credit Card expense went down, bank deposit went up. if this happened in UK, Indians are more financial savvy and won't be spending.



https://www.ft.com/content/f3640c3a-1a4e-4d37-8226-b773db49ddea
 
recovery will take long time. Some from industry were believing that people will start spending immediate after lockdown opens, take loans from bank and spend the borrowed money with NBFCs or banks.

However in developed countries (where covid attacked first) it is seen that households are saving ! so Credit Card expense went down, bank deposit went up. if this happened in UK, Indians are more financial savvy and won't be spending.



https://www.ft.com/content/f3640c3a-1a4e-4d37-8226-b773db49ddea
Yeah. People have lost the heart to spend. Can't say when the animal spirits will be back, if ever.
 
Banknifty too is doing a lot of ding dong. There is no saying whether it will try again for 22500 or 20000. No particular triggers or direction.

1593578885047.png


Even the weekly is undecided. Maybe the double bottom W is fully played out.

1593578988245.png
 
Good, but illiquid... Opened today.
RBI Floating Rate Savings Bonds: Tenure, taxability, interest rate – All you wanted to know
After discontinuing its 7.75% fixed interest rate bonds on the 28th May 2020, the RBI has come out with its new “floating rate savings bonds” on 26th June 2020, which will be available from 1st July 2020.

https://www.financialexpress.com/mo...interest-rate-all-you-wanted-to-know/2009880/
 

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