Indian banks at risk of skipping coupon payments on bonds, says Fitch
In August 2016, Dhanlaxmi Bank had skipped interest payments on its Upper Tier-2 bonds as it didn't meet its minimum capital requirement in the March quarter
Mumbai: Indian banks are still at risk of defaulting on their interest payments on certain capital instruments in the next couple of years, as a large number of them are under-capitalised, global rating agency Fitch Ratings said in a note on Thursday.
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