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Credit Risk Management

 
Created by : Gandhi Rajan, Sr. Associate, ICICI Securities  | 12 05 2008 07:58:58 +0000
Industry : Investment BankingFunctional Area : Equities(Markets)
Activity:  278 views;  last activity : 07 06 2010 20:18:09 +0000
The global financial crisis has hit Indian stock markets hard. This painful erosion of investor wealth and confidence is not the only fall-out in India of the global panic. The rupee has been depreciating rapidly against the US dollar, owing to the global dollar liquidity shortage, heavy outflows from FIIs looking to transfer funds home, and purchases of dollars by Indian banks to fund their overseas operations, If this is the situation, more debatable question is, Will India Re-emerge as an attractive investment destination?
 
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Yes I think at least in the short term, growth in India's flagship IT-services sector is likely to slow because of the financial-sector crisis. But the rupee's depreciation will help to shore up the profitability of IT and other exporters. More importantly, Indian IT companies, as well those in other industries, are stepping up acquisitions.
By Gandhi Rajan, Sr. Associate, ICICI Securities  | 12 05 2008 07:58:58 +0000
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No way our system doesn't change i feel that the Financial systems if not managed and supervised meticulously, will crumble like a pack of cards as it happened quite recently in U.S. The RBI in India has always been pro-active most of the times and were quite slow in liberalization due to the brittle and vulnerability nature of financial institutions.
By Satish Pandey, Sr. Associate, IL&FS Venture Corporation  | 12 05 2008 08:08:47 +0000
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