The Ponzi is On!

A more detailed analysis of the House of Debt as an article in the Hindu today.

The Indian corporate sector is grappling with a severe bad debt crisis, and as a result, the banks (public sector banks) are increasingly getting saddled with non-performing assets. Calling it India’s sub-prime crisis might be an exaggeration but I would just like to add ‘not yet’! Moreover in conditions such as these, with the global economic crisis in the background, it’s better to be cautious rather than looking back at the data when it’s all over. This might also help policymakers to take regulatory steps in time to control the contagion before it spreads in the banking system in a big way.

Read on …

 

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