Subprime crisis
Noncredit worthy customers Imprudent practices
Effects Collapse of large investment banks in US
Lehman Brothers Goldman Sachs Morgan Stanley Bear Stearns Merrill Lynch
Effects (contd)
Downslide of stock markets across the world
Decline of crude oil prices Massive job cuts in US Slowdown in real estate
Bailout $700 bn by Federal Reserve Given in installments of $250 bn, $100 bn and another
$350 bn To reassure global investors
Impact on India Job cuts Stock market crash Downfall of IT companies Textile companies Postponement of expansion plans Real estate slowdown Banking and insurance
Impact (cont) M&A Placements Liquidity Depreciating rupee
Measures taken
Cut in CRR rates Relaxation on ECB norms P-Notes
Conclusion
Strict financial regulations is the need of the hour
THANK YOU
Presented by Arun Thomas
Meera GALBERTIAN INSTITUTE OF MANAGEMENT COCHIN, KERALA,
INDIA
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