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SHAREMARKET -> impact on SFB banks - Telangana government approves Rs 31,000 crore farm loan waiver

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Deal Subedar
DEEPANGEORGE

Hello Dimers,


Telangana government approves Rs 31,000 crore farm loan waiver, 


what will happen to small finance bank and companies? in share market:) 

1) Ujivan

2) Jana

3) AU 

4) Equitas 

5) similar SFB companies ... etc

please quote your speculation smile in the comments:)

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Comrade Comrade
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credit card holders ki kaab maaf hogi

Benevolent Benevolent
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For credit cards , they may waive cashbacks .😳
Wingman Wingman
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Nothing happens to the banks. Telangana govt is liable to pay the banks. It adds burden to telangana exchequer which is already under debt.

This is fine as long as the money goes to poor farmers who are under stress. With this help atleast farmers suicide should not happen because of the debt.

23 Comments  |  
12 Dimers
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Comrade Comrade
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credit card holders ki kaab maaf hogi

Benevolent Benevolent
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For credit cards , they may waive cashbacks .😳
Commentator Commentator
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am sure by now these banks would have already balanced that debt waiver as all DC cards rates have been increased just like how SBI got back their dues in imposing MAB fine when they had to waive bad debts 😃

Benevolent Benevolent
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nothing banks gonna get their money from tax payers money or govt its actually good for them no debt collection npa issue 😉

Wingman Wingman
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Nothing happens to the banks. Telangana govt is liable to pay the banks. It adds burden to telangana exchequer which is already under debt.

This is fine as long as the money goes to poor farmers who are under stress. With this help atleast farmers suicide should not happen because of the debt.

Deal Subedar Deal Subedar
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I agree good for farmers, but Dont know if its good or bad for economy as a whole

For greater economy, I would suggest instead of waving off loans, the govt should "increase their CROP MSP" or something that will put MORE money to agriculture and farmers pocket FOR THEIR WORK instead of giving this FREEBIE LOAN WAVERS, that way agriculture will cherish along with farmers and economy as a whole with less tax increase because of this freebies

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Helpful Helpful
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People who live within four walls think their opinion is best for the nation. At least it's helping the poor farmers.I'm not saying it's good, but what the government is doing is helping the rich while extracting too much tax from common people

Deal Subedar Deal Subedar
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yes point to note is helping rich and extracting poor


sad, so this loan waver is actually will indirectly do that, 


this keeps poor , as poor waiting for subsidy and loan wavers from political parties in line every 5 years (so sad)

instead if political parties when came to power if they increased MSP, that would made farmer grow on their own with profits


waver is temporary relief and MSP is permanent relief


Side note: If I were a farmer I would need permanent relief (I have family farming land but not doing anything so can't consider myself as farmer yet)

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Deal Subedar Deal Subedar
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The concept of BAIL -IN & BAIL OUT are utterly mis represented in measuring the outcomes.... The farm loan wavier is a BAIL OUT & doesn't solve the problem but instead creates the long term WORSE INCENTIVES to compound the problem 

No matter whatever the intent may be ( protecting farmers lives included ) the outcome is compounding the exact opposite..... END CANNOT JUSTIFY THE MEANS and GOOD INTENT will not always have good incentives nor good outcomes 

Someone may think I am someone with extreme views or think radical believe me I know how indian psyche works but nothing can save the principal issue too much importance on setting things on BAIL OUT is a definite recipe for future DISASTER led by wrong incentives & Misplaced resources

Deal Subedar Deal Subedar
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Exactly:) intent wont matter on long run if the "tax money" is misused like this:)
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Tech Guru Tech Guru
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Thank you farmers for feeding us pesticide laced food. Thanks for exporting good quality stuff so that we have to eat the left over. Thanks for depleting the ground water level. Thanks for burning stuff so that winters can be a bit more hellish. Thanks govt for doing this to our poor farmers. 🙏 

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