28.06.2016 04:25:00
|
Canara Bank -- Moody's: Consolidation of Indian banking system presents greater risks than benefits
Singapore, June 28, 2016 -- Moody's Investors Service says that the Indian Government's (Baa3 positive) proposal to consolidate the country's public sector banks (PSBs) creates risks that -- in the current weak economic environment -- could offset the potential long-term benefits.