The PMC Bank crisis was a major banking fiasco. Essentially, PMC Bank had issues related to large exposures to a single corporate group. These exposures were not managed properly. It led to a situation where the bank faced a severe liquidity crunch. Depositors were worried as they couldn't access their funds easily. Regulatory authorities had to step in to try and resolve the situation, safeguard the interests of depositors and ensure the stability of the financial system.
Well, the PMC Bank crisis began when it was discovered that the bank had made some risky lending decisions. It had lent a huge amount of money to the HDIL group. This over - exposure put the bank in a precarious position. As the HDIL group faced financial difficulties, PMC Bank started to struggle too. Its financial health deteriorated rapidly. Depositors panicked and there was a run on the bank. The Reserve Bank of India had to take control, impose restrictions on withdrawals and work towards a solution to revive the bank and protect the depositors' money.
The PMC Bank crisis is a complex tale. PMC Bank got into trouble mainly due to its improper credit assessment and over - concentration of lending. The bank had advanced a large sum of money to the Housing Development and Infrastructure Limited (HDIL). When HDIL ran into financial problems, PMC Bank's non - performing assets soared. This led to a lack of funds within the bank. Depositors were left in a lurch as they faced restrictions on withdrawing their own money. The RBI had to intervene, appoint administrators, and come up with a plan to gradually ease the situation, such as by merging the bank or recapitalizing it to ensure the long - term viability of the institution and to restore the faith of the public in the banking system.
The main cause was over - exposure to HDIL. PMC Bank lent too much money to this one group.
The Greece crisis was mainly due to high government debt. Greece had borrowed a large amount of money over the years. One key factor was the mismanagement of public finances. The government spent more than it could afford on things like public sector salaries and pensions. Also, the global financial crisis in 2008 hit Greece hard as it led to a decrease in tourism and shipping revenues, which are important for the Greek economy. Another aspect was the inaccuracies in Greece's economic statistics that it provided to the European Union, which later led to a loss of trust.
The Egypt crisis has multiple aspects. One major factor was the political unrest. People were dissatisfied with the long - standing regime, leading to mass protests. There were also economic issues like high unemployment and inflation that added to the discontent. The military's role was complex, at times intervening in the political situation.
The Uttarakhand crisis was mainly a disaster related to floods and landslides. Heavy rainfall in the region led to the swelling of rivers and caused massive destruction. Many villages were washed away, and infrastructure was severely damaged. It also led to the displacement of a large number of people who had to seek shelter in relief camps.
The Ukraine crisis began with the political unrest in Ukraine in 2014. The ousting of then - President Yanukovych led to a power vacuum and a change in the political orientation of the country. Russia, which had strong economic and cultural ties with parts of Ukraine, was concerned about the new government's tilt towards the West. The situation escalated when Crimea, a predominantly Russian - speaking region of Ukraine, held a referendum and decided to join Russia. This was seen as a violation of international law by some Western countries. In the eastern regions of Ukraine, pro - Russian separatist movements emerged, leading to armed conflicts. The international community has been trying to broker a peace deal, but so far, a lasting solution has not been found.
The Afghanistan crisis has multiple aspects. It began with decades of war. Foreign military interventions, like the US-led invasion after 9/11, aimed at countering terrorism. However, this led to a long - term military presence. The Afghan government was often weak and corrupt, struggling to provide basic services and security to its people. The Taliban, which had been ousted initially, gradually regained strength over the years. In 2021, as foreign forces withdrew, the Taliban quickly took over the country again. This led to a chaotic situation, with many Afghans fearing for their lives, especially those who had worked with the previous regime or international forces.
Crisis Core Full Story is about Zack Fair's life. He starts as a young and eager recruit in SOLDIER. As he progresses, he discovers the dark secrets within Shinra. Along the way, he forms deep bonds, especially with Aerith. His story is filled with action, as he battles powerful foes, and emotion, as he faces loss and betrayal. The game does a great job of showing how his actions impact the future of the FFVII world.
The full story of the refugee crisis in Europe is long and multi - faceted. It was triggered by a combination of factors. The long - standing conflicts in the Middle East and North Africa created a large number of displaced people. The pull factors in Europe, such as the perception of better economic opportunities and safety, attracted these refugees. However, Europe was not fully prepared for such a large influx. There were issues at the borders, with some countries trying to control the flow more strictly than others. Also, there were challenges in providing proper accommodation, healthcare, and education for the refugees. And the public opinion in different European countries varied widely, with some supporting more humanitarian approaches while others were more concerned about national interests.
The Russia - Ukraine crisis has complex roots. It involves issues like territorial disputes, especially over Crimea. Ukraine's geopolitical orientation between the West and Russia also played a part. NATO's eastward expansion made Russia feel threatened as it saw its sphere of influence being encroached upon. This led to increased tensions which finally erupted into the full - blown conflict we see today.
The full story of the Afghanistan Taliban crisis involves decades of conflict. The Taliban emerged in the 1990s, initially bringing a form of order to a war - torn Afghanistan but also implementing a strict interpretation of Islamic law. After the 9/11 attacks, the US invaded Afghanistan to oust the Taliban as they were harbouring Al - Qaeda. For the next two decades, the US and its allies were involved in a costly war. However, the Afghan government remained weak and corrupt. The Taliban, on the other hand, continued to have support in rural areas. When the US finally decided to withdraw, the Taliban quickly swept back into power, leaving the international community worried about the future of Afghanistan, especially in terms of governance, human rights, and the economy.