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We escaped direct adverse impact of "Great Recession" of 2008-09, since our fin sector, particularly #Banking was less integrated with global markets & practically unexposed to mortgage-backed securities.
But today we won't be unaffected If Recession happen Again.
#protectbankers
But today we won't be unaffected If Recession happen Again.
#protectbankers
Millions of Banking customers money Have been poured into Market based Investment in form of Mutual Fund, Gold Bonds, Insurance products via cross selling. Which gives return based on share market growth, what if Market collapse again?? Who will ensure Wealth of those customers?
Our economy was well integrated with Liquidation of Funds. #Banks have to keep a Fix portion of its funds at RBI, & that ensures interest of its customers, when any mishaps happen.
Gradual Decrease in Lending rates boost economy as Interest burden is low & margin will be More..
Gradual Decrease in Lending rates boost economy as Interest burden is low & margin will be More..
