Interested to Buy Any Domain ? << Click Here >> for more details...
what is sub-prime crisis? mention indian companies which
are affected by this?
- 1 Answers
- 5570 Views
- I also Faced
- E-Mail Answers
Answer Posted / somnath pal
This is a financial crisis the effected many US and European
Banks to the extent of winding up. This crisis has its root
in the loans provided indiscriminately to the less credit
worthy customer of the banks on the pledge of the houses
they owned. In US the price of the houses tends to decline
due to the use of woods and wooden work. Hence when the
borrowers were unable to pay the loan, the bank could not
recover the loan from the sales proceeds of those houses.
Thus creating a large pool of Bad Debt that drove many banks
to bankruptcy.
The indian companies effected are
INFOSYS
DLF
| Is This Answer Correct ? | 14 Yes | 1 No |
Post New Answer View All Answers
Differentiate between GDP and GNP?
Do you have any idea of IPR?
What are BASEL III Norms?
What is the reason for the current fall of Indian economy?
What is 'digital signatures' (ds)?
What do you mean by demand deposit?
How can NPAs be reduced?
What are the obligations and elements of IRDA?
send me all the question whch can be askd in bank interview
What Are The Important Macroeconomic Indicators That Influence Stock Market?
What does 'call' in marketing mean?
Would You Please Explain Unearned Income?
What is debtors turnover ratio? What propositions should be kept in mind while working with them?
Why was Christiano Ronaldo in news in the year 2016?
What is NABARD and its functions?
