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SUBPRIME MORTGAGES INDIA
India’s subprime mortgage mania can quickly turn to panicThe country’s largest mortgage provider, Housing Development Finance Corp, says one in five of its customers is eligible as an affordable-h...- IMF maintains $1 trillion loss forecast for credit crisisIMF said that it saw little reason to change its April estimate that total losses would reach $1 trillion before the crisis comes to an end...
- Citi shuts Doxford, CitiFinancial branches in UKGlobal banking giant Citigroup is closing down its Doxford call centre and CitiFinancial branches which could result in the loss of about 7...
- Indian stock mkts taking cues from US, Asia: FMThe government on Monday said Indian stock markets are taking cues from the US and Asian markets, even though the sub-prime mortgage crisis...
- 'India's going to be a standout in global economy'BlackRock CEO Larry Fink speaks about the subprime mess that is roiling the global financial markets, the chances of a US recession and the...
- Subprime crisis to produce deeper problems: IMFAnalytical work modeled on conservative assumptions suggests that potential losses may be higher and further capital injections are likely....
- Subprime woes in US may delay Citi's sale of Indian BPOVikram Pandit, the new Citigroup CEO, will have to add his home country India to the long list of problems he must resolve.
- Nuke deal good for both nations: PaulsonUS Treasury Secretary Henry Paulson said that he is optimistic about India going ahead with the Indo-US civil nuclear deal, a move that inv...
- Watch out for subprime triggerRepricing of $150 billion adjustable rate mortgages (ARM) worth around $150 billion will take place in the second half of 2007, with the la...
- Subprime meltdown to have limited impact here: ShomeThe impact needs to be assessed in terms of direct and indirect exposure of branches of Indian banks to the subprime mortgage market.
- Smarter after subprime mess, NHB raises vigilThe National Housing Bank - the regulator for housing finance companies (HFCs) - has decided to beef up the monitoring mechanism for HFCs t...
- Subprime blues not to hit IT budgetPost the 9/11 attacks, Indian IT companies gained immensely as more work was offshored to them by global majors, notably the US-based MNCs,...
- US sub-prime crisis: PHDCCI stresses need for cautionIndustry body PHD Chamber (PHDCCI) has called for the combined efforts by the government and industry to address any adverse situation that...
- Subprime woes cost Infosys prime clientYet another casualty of the US subprime crash in the Indian BPO sector is Infosys BPO, which has lost a prime client, Green-Point Mortgage.
- Need for caution in retail lending: AssochamRetail lending has increased by over 30% between March 2006 and March 2007, underscoring a need for caution, revealed an Assocham study.
- BPO firms unfazed by US subprime crisisAlthough the financial woes of the US mortgage industry with the subprime market have had their tremors hitting some Indian information tec...
- Emerging markets better equipped to deal with volatilityTempleton Asset Management managing director Mark Mobius feels that emerging markets are equipped to deal with the global crises.
- India less exposed to US subprime crisis: RajanIndia is relatively less exposed to the aftermath of the US subprime mortgage collapse crisis that has sent global stock markets into a tiz...
- ICICI Bank unaffected by US sub-prime mortgage crisisIndia's largest private sector bank ICICI today said that US sub-prime mortgage crisis will have no impact on its balance sheet.
- GE Q2 profits up 12%General Electric said second-quarter profit rose 12% on sales of power-plant turbines,jet engines and loans
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