The deceptive lure of Indian banks’ international businesses
When banks support Indian corporates' overseas forays, the risks are more significant compared with pure domestic lending
Many public sector banks have had a presence abroad for several decades. They have typically followed the expatriate Indian or his business and supported them. For example, Bank of Baroda and Bank of India have had large international operations, now close to 25% of their total business. In a few cases, the Indian bank is looked upon much like a local bank in that region.
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