| Topic : Survive credit crisis |
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Credit Risk Management
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Activity:
60 views;
last activity : 07 06 2010 20:18:09 +0000
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Let us in India go back to "Basics to Lending"
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Prioritize debts & Save !!!
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Say no to long term instruments
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Be a prudent borrower
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Let us in India open the good old books on Lending and educate the consumers what is the basics :- - You must bring with you the "margin" to avail a loan. - The margin should be from your own source. Wait till you are in a position to do so. - Utilize the credit availed for productive purpose. - Keep your consumption credit to the lowest possible. You are now required to work hard to repay the loan. Take your full family in confidence and desist them from lavish living till the credit is not repaid. - You must bank with one Bank till the credit remains. Channel all proceeds and income to the Bank - keep them familiar and informed of all positive and negative developments. For Bankers : Lots of potential is waiting in rural and semi-urban centres. Open branches there, if not done so far and work with others in tandem for up-liftment of living standard of the people there. - Be motivated towards need of Social Obligations and take your staff along with you for improvement of neighbourhood. Look for the big canvass and go extra mile for social obligations. - Profit maximisation, and fat cheques for the Executives may not be only driving factors to work hard - be a part of the society.
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The present economic situation is difficult to assess for anyone. No-one can be quite sure what will happen, but it is important to be realistic and form a plan to survive these trying times. So it would be better to stop funding a luxurious lifestyle with debt. Everyone should make a plan to pay off all debts. Then they should try to save, even if it is only a small amount each week or month. Small savings can usually be made – on a day to day basis. It is a good idea to have a cushion of savings, however small, in times like this.... Have a look at this ppt also:  |
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The net asset value of these long term instruments will fall in a rising rate
regime. So, it is better you lock up the money in short-term cash
management funds or floating rate funds.
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Don't over leverage and be carefully. This is not the time to stretch the
finances, be it house, car or any other consumption loan. We should
avoid financial stress in terms of large EMIs.
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I wonder which measure is the best one for measuring the actual return ot the capital being used by companies. |
What according to you are the reasons for market to fall? |
what are the ways you are following to fight against present economic slow down. |