Anubandhan Pattnaik’s Post

MORNING RAGA 10 Two Robberies by the shrewd Part 1 Per year 4-5 thousand crore rupees were collected from those who might not be able to maintain Minimum Balance on a regular basis. Public sector banks and five major private sector banks (Axis Bank, HDFC Bank, IndusInd Bank, ICICI Bank and IDBI Bank) collected over ₹21,000 crore for non-maintenance of minimum balance, while over ₹8,000 crore was collected for transactions through ATM beyond free numbers and SMS charges gave over ₹6,000 crore since 2018. Part 2 World's largest Option Share Trading market is India. In 2020 the number of D-Mat account user in India was 4.1 crores which became 11.4 crores within 2023. In 2019 around 7 ll akh people was trading in Derivatives whereas it became 45 lakh within 5 years. But , As per SEBI , Indian Traders lost 5.4 billion in Option Trading ! 90% of Traders, lost this amount of money in Future & Options ! Per Trader average loss is 1.2 lacs ! Traders who lost money , are mostly young, not properly informed about the market, greedy ... Now, Who are getting profits due to this fake bubble situation ? Brokerage Firms, Stock Exchange, Fin-fluencers and GOVERNMENT. Yes ... GOVERNMENT is one of the best beneficiaries from the loss , 90% helpless , greedy people of India were creating .Only in 2022 the Government earned 232 billion tax which was four folded .2023 would be more due to the added Transaction Tax on Derivatives. So Government is also shouting... Jao JUA KHELO. ( Without knowledge, money making was always a SCAM ) #kolkata #mumbai #pharma #medley #hr #firstline #areamanager #bank #tax #government #sbi #share #optiontreading

The Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's two products eCOM and online digital ‘Insta EMI Card’, with immediate effect, company said in an exchange filing on May 2. #ajaybhargav #equity #sharemarket #stockmarket #financial #bajajfinance #bajaj #RBI

Day 27 of 100 days of finance series challenge sharing insights on Finance. 📌 What are Scheduled banks and Non-Scheduled banks? ◽Any bank which is listed in 2nd schedule of Reserve Bank of India Act, 1934 is considered as a scheduled bank. 📌 Now what is 2nd schedule of RBI act 1934 ? ◻️ Banks must meet following criteria to ne included in second schedule : 1. Have a paid up capital and reserves of at least RS 5 lakh. 2. Comply with all RBI requirements. 3. Maintain a cash reserve ratio with RBI. 4. Should be authorised from RBI to borrow funds. Examples of them : Bank of India,Bank of Baroda,State Bank of India,Hdfc Bank,etc 📌 What are Non-Scheduled Banks ? ◽ Non-Scheduled banks by definition are those which are not listed in the 2nd schedule of the RBI act, 1934. ◽ Banks with reserve capital less than RS 5 lakh arebcalled Non-Scheduled banks. ◽Unlike scheduled bank they are not entitled to borrow from RBI for normal banking purpose, except in case of an emergency or abnormal circumstances. Examples of Non-Scheduled Banks : The Assam Cooperative Apex Bank Ltd. , Hindustan Cooperative Bank, The Tirupati Cooperative Bank Ltd. , etc. #day27 #finance #banks #rbi #CRR

The Reserve Bank of India (RBI) has revoked the license of Purvanchal Co-operative Bank in Ghazipur, Uttar Pradesh due to insufficient capital and earnings prospects. Consequently, the bank will be liquidated. The Deposit Insurance and Credit Guarantee Corporation (DICGC) will ensure that depositors receive claims up to Rs 5 lakh. Key Highlights: - 99.51% of depositors are eligible for full refunds. - As of May 30, 2024, Rs 12.63 crore has been disbursed to claimants. - The bank is now prohibited from accepting or repaying deposits. This decision highlights the importance of maintaining robust capital and earnings for financial institutions. Compliance with regulatory standards is a cornerstone for safeguarding depositor interests and ensuring financial stability. #Banking #RBI #Compliance #FinancialStability #DepositorProtection

Bank of India unveils its Upgraded Saving Accounts. Let the benefits become your advantages while availing BOI revamped & upgraded Saving Accounts. Applicable to Existing & New Savings Account Customers. Contact your nearest branch or visit our website to discover numerous benefits, advantages & concessions. #BankofIndia #savingsaccount #SaveForFuture

Sector in Focus : PSU – Banking PSU banks have off late emerged as promising investment avenue, thanks to ongoing bull run around the PSU theme. The PSU banking sector has also undergone a significant transformation in terms of asset quality, governance and technology. The NSE PSU index has outperformed in the past year with a 1 year CAGR of ~ 70% outperforming Nifty 50 by more than 50% Lets look at some top performing PSU bank stocks. % Return over past 1 year >> I O B ~140.79 >> Punjab National Bank ~135.56 >> Central Bank ~120.81 >> Pun. & Sind Bank ~110.35 >> Bank of Maharashtra ~102.56 >> UCO Bank ~97.49 >> Union Bank of India ~95.45 >> Canara Bank ~91.69 >> Indian Bank ~76.93 >> Bank of India ~62.25 >> Bank of Baroda ~54.18 >> St Bk of India ~31.7 #bankingsector #indianstockmarket #nifty50 #niftybank #bseindia #personalfinance #investing #invest #stockmarketindia

6 PSU Banks with highest NPA for Q3 : 1. Bank of India : 1.41% 2. Union Bank : 1.08% 3. Punjab National Bank : 0.96% 4. Bank of Baroda : 0.70% 5. State Bank of India : 0.64% 6. Indian Overseas Bank : 0.62% Non Performing Asset (NPA) is a loan for which the principal or interest payment remained overdue for a period of 90 days.

Are Public Sector Banks Still Undervalued? Last 1 year returns of major PSU Banks have been SBI - 46% PNB - 175% Bank of Baroda - 49% Indian Overseas Bank - 174% Union Bank - 103% Canara Bank - 103% Indian Bank - 68% Bank of India - 88% During the same period, NIFTY gave a return of 27% and NIFTY BANK gave a return of just 13% because HDFC: -10.3% Axis: 27% ICICI: 22% Kotak: -13.2% IDFC: 42% But why did PSU Banks give such a bull run? - The top 9 PSU banks had a minimum 30% profit growth in the last 3 years and 18% in the last 5 years - A major cleanup has been observed in all PSU banks after the cases of Vijay Mallya and Nirav Modi caught the Public's eye and since then the Gross NPA of all PSU banks have been decreasing which is a very good sign - Finance Stocks and especially PSU banks are driven by sentiments and major events. The possibility of MODI 3.0 has been one of the major drivers behind all PSU stocks including Railways, Power and Banks - PSU Stocks have been undervalued for a long time now where most of them have a current PE in the range of 8-20 with Indian Overseas Bank as the only exception Are you buying more of PSU Stocks, Holding them for the next 10 years or selling and waiting for a bigger correction? #banks #stockmarket #finance #investing

State Bank of India (SBI), the country's largest lender by assets, reported a 24% rise in its fourth-quarter (Q4 FY24) profit, at ₹20,698 crore, from ₹16,695 crore a year ago. The lender's interest earned grew 19% to ₹1.11 lakh crore during the quarter under review. On balance sheet, credit growth came at 15% (YoY) in Q4 FY24 with domestic advances growing by 16%. Whole bank deposits grew at 11% YoY, out of which CASA deposit grew by 4%. In terms of asset quality, gross NPA (non-performing asset) ratio came at 2.24%, an improvement of 54 basis points (bps) on a yearly basis. Net NPA ratio, at 0.57%, improved by 10 bps YoY. Here’s what SBI Chairman Dinesh Kumar Khara had to say about the results. Watch: https://lnkd.in/gzp5mU3T | #statebankofindia #dineshkumarkhara #msme #retail #agrisector

No doubt, after PM Modi's statement skyrocketed the PSU stocks, the visible results are: ✅PSU banks doubled wealth during that time i.e. Indian Overseas Bank, Punjab & Sind Bank, Central Bank Of India, and UCO Bank. ✅It gave Investors a profit of Rs 23.7 Crore on the Current Market Price (CMP). Share your thoughts on this in the comments. Disclaimer: The vision of FXCareers is to promote financial literacy in India. The content that we post is purely for education and entertainment purposes. #financialeducation #financialeducationmatters #FXCareers #traderslife📈📉 #election2024india #stockmarketinvesting #stockmarketeducation #pmmodilatestspeech