Monday, April 12, 2021

Economics

India’s banking sector is gasping for air after a spate of scandals

Credit rating agency Brickwork Ratings announced last month that six Indian banks have received downgraded ratings due to drastic reductions in non-interest incomes. The news comes at a time of turmoil for the Indian banking sector, which has been the subject of several scandals over the past few months, including the evergrowing issue of Non-Performing Assets (NPAs) and bad loans. Downgraded...

A Decade of the Global Financial Shock: The Aftermath

On January 27, 2010, Barack Obama officially declared the stabilization of U.S markets. Most of the stock markets were around 75 percent higher than at the time of financial breakdown, but the real challenge was during the 3 years before this. We all know about the Subprime Mortgage Crisis in U.S which led to Global Financial crisis in 2008,...