Indian Banks Among Most Exposed In APAC To West Asia Crisis Due To Energy Dependence: Moody’s
Moody’s Ratings on Wednesday said Indian banks are among the more exposed in the Asia-Pacific region, given the economy’s high dependence on energy imports from West Asia and the consequent pressure on inflation, interest rates and borrower cash flows. Moody’s said higher fuel costs will strain consumers’ budgets and raise debt-servicing burdens for households and … Read more