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Online Personal Finance Magazine
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Current Crisis and India
In the discussions on the current crisis, most people say that India is merely affected by what happened in the US, Europe, etc, and the crisis is not of our making. This is only partially true. With all due respect to the honourable prime minister, finance minister, deputy chairman of Planning Commission and other bigwigs, let us also be aware that the current UPA...
There are many ways in which the global financial turmoil will impact you, whether or not you have invested in the stock market
On a day when the Sensex had crashed 700 points after two weeks of financial turmoil that destroyed several mega US investment banks, a local televison channel decided to get public reactions to the global crisis. We saw the expected laments from investors and...
On the last day of September, ICICI Bank issued a public statement. “ICICI Bank has a very strong capital position,” it said. “The absorption of the impact of current market conditions on investment portfolio valuation will not pose any challenge to ICICI Bank’s capital position.” The Reserve Bank of India concurred, issuing its own public statement: “There are reports in some sections of the...