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Exclusive from Sources about the Banking Laws Amendment Bill 2024:
Key Provisions:
- Account holders can now designate up to 4 nominees instead of just one.
- Reporting dates will be changed to the 15th and 30th of each month instead of every second and fourth Friday.
- The new reporting dates will apply to all institutions regulated by the Reserve Bank.
- Provision to increase the limit of a director's substantial interest.
- The threshold for substantial interest will be raised from 5 lakh INR to 2 crore INR or 10% equity shares.
- Provision to extend the tenure of directors in cooperative banks to 10 years.
Key Provisions:
- Account holders can now designate up to 4 nominees instead of just one.
- Reporting dates will be changed to the 15th and 30th of each month instead of every second and fourth Friday.
- The new reporting dates will apply to all institutions regulated by the Reserve Bank.
- Provision to increase the limit of a director's substantial interest.
- The threshold for substantial interest will be raised from 5 lakh INR to 2 crore INR or 10% equity shares.
- Provision to extend the tenure of directors in cooperative banks to 10 years.
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This is the most important chart in the world today. ( Chart shared on friday night to my investors )
It's the chart of the Japanese Yen vs the USD.
Why is it so important?
1. For 30 years Japan has 0% interest on their currency.
2. As a result for 30 years investor borrowed YEN at no cost and invested it globally. They invested in T-Bills abroad and a basket of risk assets including the Nasdaq.
3. For the first time in many year the BOJ increased interest rates this week to 0.25%. This was almost unprecedented.
4. As a result of the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan.
5. The estimated quantum of this trade is over $4 Trillion.
The only question that remains is how aggresive they will be but for now YOU MUST KEEP YOUR EYES ON THIS CHART !
If it keeps strengthening risk assets are going to get murdered.
It's the chart of the Japanese Yen vs the USD.
Why is it so important?
1. For 30 years Japan has 0% interest on their currency.
2. As a result for 30 years investor borrowed YEN at no cost and invested it globally. They invested in T-Bills abroad and a basket of risk assets including the Nasdaq.
3. For the first time in many year the BOJ increased interest rates this week to 0.25%. This was almost unprecedented.
4. As a result of the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan.
5. The estimated quantum of this trade is over $4 Trillion.
The only question that remains is how aggresive they will be but for now YOU MUST KEEP YOUR EYES ON THIS CHART !
If it keeps strengthening risk assets are going to get murdered.
Forwarded from Levels Of Conviction_Premium (L.O.C)
Happy friendship day to all my
Traders and Investors..❤️
Traders and Investors..❤️
❤3
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Good Morning all..
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Sharing some important world indices charts marked levels are price action order blocks keep close watch when price reaches these levels again
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Dow jones L1 pullback L2 structure
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Now... everyone's favourite..
Nifty 👇
Nifty 👇
❤1👍1
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#Nifty already shared encoded price action level. Warned many times.
Nifty couldn't surpass 25195 level Mark
Now only closing below 24074 will trigger more selling else world(big people) + Indian retailers, MF and AMC'S sitting on huge pile of cash, looking to buy equities at attractive levels.
Be on cash few good share will come when right time comes.
Nifty couldn't surpass 25195 level Mark
Now only closing below 24074 will trigger more selling else world(big people) + Indian retailers, MF and AMC'S sitting on huge pile of cash, looking to buy equities at attractive levels.
Be on cash few good share will come when right time comes.
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Last but not the least...
Bnf lovers 👇
I am "not bearish on bank nifty"
Max downside I see till downside marked levels.
Watch price action when price reaches marked levels
Bnf lovers 👇
I am "not bearish on bank nifty"
Max downside I see till downside marked levels.
Watch price action when price reaches marked levels
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Keep watching marked levels.
It will help you.
It will help you.