An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.reuters.com/article/2013/...0H818220130913
Singapore regulators have stepped up their scrutiny of some local branches of Indian banks on concerns about asset quality, three bank executives told Reuters.
India's slowest economic growth in a decade and a weakened rupee have weighed on the balance sheets of heavily leveraged Indian companies, including those that have raised money from Indian lenders in offshore centres such as Singapore.
Click here to view the whole thread at www.sammyboy.com.