Sunday, August 14, 2011
Indian Banks taking over unperforming loans
Debt-laden companies push Indian banks to limits
ICICI Bank's takeover of a stake in a debt-laden telecom tower firm is an ominous sign of things to come as India's slowing economy and slumping shares erode the value of collateral on loans that companies are struggling to repay. More interestingly, the shares are in these companies are set as collateral for other loans. So when the price falls, the other performing sector will also fall in the dominos affect.
Posted by deepak @ 01:10 PM (1304 views)
5 thoughts on “Indian Banks taking over unperforming loans”
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Crunchy says:
From Bin Laden to Debt Laden, what’s next?
The ‘new’ Seal Team 6 and the Ocean awaits.
little professor says:
Novody cares, deepak
khards says:
I wonder how many of these reports are scaremongering trying to drive the market down before a true recovery kicks in.
techieman says:
bullish on the sensex rather than other equity markets only not quite yet….
Crunchy says:
3. techieman said…bullish on the sensex.
Feeling frisky so early in the morning Big Boy?