‘Improved economic environment to boost FY21 credit growth’


    New Delhi, Feb 27 | Improved economic environment in 2HFY21 and the Centre’s focus on higher spending especially on infrastructure will give a boost to FY21 credit growth, India Ratings and Research (Ind-Ra) said.

    The agency’s February 2021 edition of its credit market tracker showed an upgrade to its FY21 credit growth estimates to 6.9 per cent from 1.8 per cent.

    Accordingly, the agency said that amid the pandemic, the credit offtake in the banking system has remained muted, which led to lesser issuances of certificates of deposits (CDs).

    “The CD issuances for January 2021 increased for public sector banks, whereas that for private banks have remained muted. Concurrently, the CD yield across maturities was confined to a narrow range, amid subdued issuances. Similarly, the issuances of commercial paper (CP) by corporates have fallen, due to a lesser requirement amid fewer rollovers.

    “The CP yields however have largely seen an upward revision, owing to the Reserve Bank of India’s announcement of the restoration of liquidity management operations.”

    Besides, demand from fund houses for corporate bonds and short-term funds has increased by “Rs 52 billion and Rs 10 billion, respectively”.

    On the other hand, the agency said that CP issuances by non-banking financial companies and housing finance companies have remained encouraging, both in terms of total amount and volumes.

    “The agency believes that the normalisation of economic activities and a conducive rate environment remain supportive for this segment.”

    “On account of the excess liquidity in the system, a similar trend has been observed in CD-overnight index swap negative spread which is showing green shoots in the credit demand.”

    Furthermore, Ind-Ra cited that net foreign portfolio investments in equity declined in January 2021, “whereas the net investments in the debt segment was around negative Rs 25.18 billion”.

    “India along with other emerging countries such as Taiwan and South Korea saw a large sell-off by foreign portfolio investors during the month.

    “Investments by mutual funds in non-convertible debentures have improved; on the other hand, investments by mutual funds in CPs and CDs have declined, in banks and corporates specifically.”

    Source: IANS

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    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.


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