A STUDY ON PUBLIC SECTOR BANKS AND PRIVATE SECTOR BANKS BEFORE AND AFTER GLOBAL FINANCIAL CRISIS

A STUDY ON PUBLIC SECTOR BANKS AND PRIVATE SECTOR BANKS BEFORE AND AFTER GLOBAL FINANCIAL CRISIS
Author(s):
Chitrai Banu E, Dr. V. Sornaganesh
Keywords:
Public Sector Banks, Private Sector Banks, Economic Crisis, Imbalances Subprime Crisis
Abstract
The Global Financial Crisis, which started in 2008, is considered to be the latest in the series of economic crises to adversely affect world economies. Unlike the past few crises, the current crisis has not spared any of the countries or market sectors, and has devastated economies that were traditionally strong. It is stated that an excessively loose monetary policy in the 1990s in major developed economies transformed into global imbalances and a full-blown financial and economic crisis for all the economies of the world (Mohan, Rakesh, 2009)1. In India, it is the real economy that got impacted first — on account of exports and the drying up of overseas finance for many firms. Banks are affected indirectly by the slowing down of the economy. The direct impact of the crisis on the Indian banking system has been small because Indian banks do not have big exposures to the subprime market. Indian banks are well placed to weather this impact. Important terms: Subprime crisis, Global melt down, recession,
Article Details
Unique Paper ID: 145118 Publication Volume & Issue: Volume 4, Issue 7 Page(s): 317 - 326
Article Preview & Download

Share This Article

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024

Last Date: 15th March 2024

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org