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What is the Impact of present global crisis in Indian economybanking sector?
Wiki User
∙ 15y ago
Some impacts are:
1. The general public is cautious about saving their money in private banks. This has brought down the corpus of private banks like ICICI, HDFC etc
2. Banks which had exposure to derivative product exposure in the US have had to incur losses which they are trying to cope up with
3. Banks have become cautious in lending loans. They are not ready to grant loans to people who do not have a strong credit profile
4. The profit margins for the banks are coming down hence they are adopting stringent policies with respect to its employees
etc...
Wiki User
∙ 15y ago
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