Credit Slowdown in Indian Outsourcing
More and more companies would experience some sort of "downfall" when it comes to credit loans.
This was the main idea in the news article entitled Credit Ills Strike Outsourcing Firms in India. According to the article, BPO companies in India could experience a "slow" time in their business as lesser companies or individuals for that matter avail of the credit option and credit companies are imposing tighter rules.
The news piece also explored this matter further by stating the three different stages of exposure in BPO to the mortgage market. The three stages mentioned includes the following:
a. directly to a mortgage lender
b. to a financial institution that may buy the asset from the mortgage lender
c. to the mortgage originator, with which the financial institution may have securitized the asset
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Comment by okcok on May 10, 2009 5:35 pm
I think this is a short period problem and solution would be found out soon. To know more about popular payment practices in outsourcing industry, one may visit http://pragmaticoutsourcing.com/ also.
Comment by shubh on May 16, 2009 7:09 am