Yes bank

I was jist going to write on this

There is a big liquidity crunch. If you see most of the bank raises interest rates in last 10 to 15 days so that they can have a good q2 but this has costed them q3 and q4.

Last quater most of the banks lost deposits and i thought that was temporary but now it is a serious issue.

I was confidentn of yesbank giving 2200cr kind of profit but i doubt now. They were just standing on their legs their nim was very small on top of that they are forced to raise depsits. This quater might go good but next 2 quater is a serious issue to most of the banks.

It is quide ironicall that the credit growth is at all time high but there is no liquidity. You will also see most of the banks raising money now despite cost of debt is high. SBI just raised 4000cr at 7.57%. Tomorrow another 50bps hike comming. RBI needs to interven and do something about this. It is gettig serious.

I was not expecting them to rasie deposits rate that much. I am glad that they raised money otherwise this year would have been very difficult for them. I wont be surprised if they loose deposits this quater as well

Read this article it is very good