Indian Gold Standard Private Sector Banks are showing signs of STRESS. What Next?

23^rd January 2020

Indian Gold Standard Private Sector Banks are showing signs of STRESS. What Next?

Dear Fellow Travellers,

Greetings from Hitesh! Result season is going on and we are getting the real perspective of our banking sector stress. Recently two gold standard banks from the Private sector have come out with their results and they are showing signs of stress.

From our side, we had seen these issues with the Indian banking sector way back in APRIL 2017. Just see our VISION – thanks to JIO’s success, most banks are in the soup today. We had written the following post in April 2017.

How Banks will go for a TOSS with JIO’s Success? A... http://bestofhiteshparikh.blogspot.com/2017/04/how-banks-will-go-for-toss-with-jios.html?spref=tw…

The other post which was super duper hit and got circulation of 1.5 lakh readers was the post in April 2019.

Is Indian Banking System heading for Liquidity Cri... https://bestofhiteshparikh.blogspot.com/2019/04/is-indian-banking-system-heading-for.html?spref=tw…

In the same, we have said about LIC and other banks. See LIC has also suffered NPAs as per the following posts.

https://www.moneycontrol.com/news/business/lic-reports-npas-worth-rs-30000-crore-in-h1fy20-in-same-boat-as-yes-bank-axis-bank-and-icici-bank-report-4841341.html

What does it mean for the economy?

While Government and various agencies were busy talking about GDP growth rate – we were keeping our close eyes on GROUND realities of Indian Companies / Wholesalers and Retailers. Our readings were coming from the direct talk with the affected persons and that was the reason for our calls on troubles for the banking sector.

While talking about Effects of RAHU entering into Mithun Rashi – we had said that there will be an ILLUSION of liquidity and we are going 100% correct in the same.

They created liquidity without giving a demand-side push. The end result is GDP is below 5%. 

How do we see ECONOMY going forward?

As per today’s News Paper – Modi conducted all the PRE BUDGET-MEETINGS with respective industrialists and affected parties without inviting FM. While writing for MODI’s Horoscope in 2020 - we had said that Modi will revive the economy and all will have ACCHE DIN. I see after JUNE we all – MEDIA guys – will talk about GREEN SHOOTS in economy.

My study makes me very positive about the coming time for India. I see the current moment as an INVESTORS PARADISE. If you really want to invest – the current time is the best time.

Why many readers fail to take action in spite of giving them categorical guidance?

It is said that your INTENTIONS decide your ATTENTIONS. Most readers lack the genuine intention of making long term money. They are always in the lookout for sure shot ideas / short term tips. They may talk about the long term but when the prices of their shares go down – they lose their attention. Because of their hidden intentions of getting something for nothing - they go to MEDIA ANALYSTS / Travel friends and they go for a toss.

One may be super smart but if he has impure intentions – Market will come to know and he will be taken for a ride big-time before he comes to know.

So, work on your intentions before you enter the market.

What NEXT?

See the accuracy of our understanding of the economy. What’s more, we are telling you way ahead of the media experts or before the event happening. If you like our skill sets - I suggest – you must take action and join us.

Happy Investing.

Follow me on Twitter @hiteshmparikh / WhatsApp – +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh

Your Personal Destiny Manager.