Well I am not surprised seeing Vikram default.
Yes he is a high profile executive and would be earning close to a steal for a salary. Yet chances of default can be for various reasons.
1. Financial crisis (he himself stated)
2. Expenses too high
3. His savings stuck somewhere else
there are can be innumerable reasons.
However the question would be how come after being such a highly paid employee he cannot save adequate and pay loans. Does taking care of 3 kids so expensive. Well probably no but if the loan is a housing loan I am sure EMI is a hefty one also.
The creatives have smartly not specified which loan is it.Furthermore I have a close friend whose annual salary is close to 2 cr in India rupees. Yet he is concerned about if he takes a break from work for 2 years to do his phd then how will his family expenses be managed. Point to be noted He lives in his owned flat and his wife is a highly place government official in a premier financial institution Yet he is worried
I guess bade logo ke bade kharche is the issue here nothing else 😕
Edited by DJ.. - 14 years ago