Tuesday, November 14, 2006

The juggernaut of India Inc. rolls on unabated

IIPM Best MBA Institute
The juggernaut of India Inc. rolls on unabated. And as Indian companies chart massive expansion plans, they’re hungry for funds like never before; and banks are only too keen to oblige. But as credit in the economy continues to burgeon, depletion in credit quality across various sectors is emerging as an impending danger that the Indian banks must now be wary of…

“These interrelated crises should be thought of not as natural disasters... nor should they be though of as divine punishment for our over-indulgences as some people would like to interpret them. They are man-made, or should I say, institution- made disasters,” is how Nobel Laureate Merton Miller put it in his speech to the Asia Society at Hong Kong in 1998. He was actually deliberating on the factors that had caused the Southeast Asian financial crisis of the late 1990s.

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Source :
IIPM Editorial, 2006, Arindam Chaudhuri's (Dean of IIPM) Initiative

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