India Banks System Face Worsening Asset Quality, IMF Says – Bloomberg 01-15-13

Salient to Investors:

The IMF said:

  • India’s financial system is vulnerable due to a deterioration in bank assets and a lack of capital as the economy slowed.
  • Increasing involvement in the financial industry leaves the government exposed to losses at banks and is braking economic growth
  • India’s economy will expand 6 percent in 2013 versus 4.9 percent in 2012, the least since at least 2005.

Read the full article at http://www.bloomberg.com/news/2013-01-15/india-banks-system-face-worsening-asset-quality-imf-says.html.

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