Subprime Crisis… (Part II)

The sign of the busting of bubble started to show from the middle of 2006 with the transition of loan from ‘interest only’ and ‘teaser rates’ to regular payments. This coupled with increase in market interest rate led to doubling or even tripling of monthly repayments. Unable to pay the increased monthly repayments, borrowers began defaulting and surrendering their houses adding to the pile of inventory of unsold houses. Unsold inventory was up nearly 40% in sept ’06, around the time   when prices began to decline.

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Banking Sector Interconnectedness in India..

The latest Financial Stability Report for March ’18 released by RBI shows that interconnectedness of Indian Banking industry has come down considerably over last year. That is important to note since the rapid spread of contagion during financial crisis in 2008 was primarily due to the fact that the financial institutions in US had become highly … Continue reading Banking Sector Interconnectedness in India..
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Startups – The Churn Continues..

The startup ecosystem continues to face grave challenges resulting in huge layoffs and closing down. The latest in the list is layoffs at Snapdeal and closing down of stayzilla, a provider of homestay option for travellers. A brief look at the whole business.. Start-Ups seemed to have caught the fancy of hedge funds and venture … Continue reading Startups – The Churn Continues..
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India's Space Odyssey…

The successful launch of as many as 104 satellites in one go, the maximum so far in the world, is another big feather in the ISRO’s (Indian Space Research Organisation) cap. It has been a long, successful journey for ISRO over last four decades which has gathered pace lately. A look at India’s journey so far.. … Continue reading India's Space Odyssey…
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Ab ki baar, Modi Sarkar..!

Like everyone else, feel tempted to do an appraisal of the Modi led government on the eve of its completion of 2 years in office..! Here is my take.. Honestly speaking, I had not been a fan of Narendra Modi (but BJP, yes) until he became the Prime Minister. However, Modi 2.0 is an altogether different … Continue reading Ab ki baar, Modi Sarkar..!
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Hello…

Dear Friends, It may look inappropriate in some ways, but can’t stop myself from this self-congratulatory post… 🙂 I had written a post on Banks NPA a few days explaining the whole issue in a more holistic manner. The link is – https://indiaeconomyandbusiness.com/2016/04/27/bank-npa-2/ And a preliminary one – https://indiaeconomyandbusiness.com/2016/04/27/banks-npa/ The views were based on the little … Continue reading Hello…
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Thank You…!

Dear Friends, We reach an important milestone of 500 Followers and Facebook “Likes” precisely a week, after we went live..!! Thank you all for your warm support and appreciation. Thanks also to all those who have helped me in building this site and in reaching out to other readers… 🙂 Would like to quote two of … Continue reading Thank You…!
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In Defense of Dr Rajan…!

It’s rather funny how words or phrases which essentially, are said in jest, get ballooned into controversy if said by the top leaders.  The “Andhon Me Kana Raja” phrase used by Dr Rajan is haunting the RBI Guv. To be honest, yes, the English translation, “one-eyed king in the land of the blind” does sound awkward. … Continue reading In Defense of Dr Rajan…!
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Supreme Court fines petitioners for waste of Court's time…

In an important judgement, Honourable Supreme Court has imposed a fine of Rs 25 lakh each on all the three parties in a corporate case dating back to 1998. The case is about a share purchase & cooperation agreement entered into by Messer Griesham GmbH, a German Company and an Indian company called Goyal Gases Ltd and … Continue reading Supreme Court fines petitioners for waste of Court's time…
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