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PNB scam can trigger a major market crash
Rediff.com

PNB scam can trigger a major market crash

'The financial sector will be hit even harder than the overall market.''The banking sector will eventually be rescued.''But it may go into a long downwards spiral before things turn around.''Threat or buying opportunity?' asks Devangshu Datta. Photograph: Toby Melville/Reuters When there's a crisis in an industry that's too important to fail, is it a threat or opportunity for investors? Analysts of Indian banking will be wondering about the answer. The non-performing assets crisis has had a ... Rediff.com, 1 month ago
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