A thread on cumulative FII inflows into India in the CY2020
Background : This was a widely shared link on social media and also tweeted by FM @nsitharaman amid a lot of discussion around the strong foreign inflows in Indian
In fact, last 6 CYs (2015-2020) net flow in debt & equity is negligible.
But still the flows became aggressive only in last two months of 2020 - Nov & Dec
Two technical things happened:
(a) MSCI Annual review on Nov 10 brought fresh inflows. This happens every year, so was not surprising.
https://t.co/b0OdkWvyyX
PS : This was supposed to happen in June-20 but thanks to Babugiri and C19 lockdown was postponed to Nov-20
Idea that this will continue without any improvement in earnings outlook is fraught with risks. Any hint of liquidity withdrawn in any form from anywhere can prick the bubble.
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https://t.co/eGLqvb28o5
Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.
AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.
AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.
Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.
https://t.co/eGLqvb28o5
Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.
AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.
AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.
Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.