CA Hemantkumar,M.COM,ACA,DISA,cVa. (Chartered Accountant) (98 Points)
21 October 2008Hello friends
Just a matter to discuss with all of u is of Indias postion in global slowdown.
As there is a financial crisis in America still indian banks are safe.This is just beacuse of the regulatary control which RBI is having on the banks.Nearly 33% of Deposits with any bank are kept in THe form of SLR and CRR. More over That CRAR is Monitiored and moreover that RBI has psoted various exposure norms on the Loan sanction.
i invite you for Ur views
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 21 October 2008
I think India is not far away to show the impacts of recent turmoile in the globle market. Even though RBI has good control over indian liquidity market but it can not keep it away from adverse effects of recessions.
Furthermore India's currency is going at all time low bcz US economy is largely hit by recessions. In spite of that dont forget the sub primes crises etc etc
CAclubindia
