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Subbarao says bad loans situation 'disturbing'
May 30, 2013 / 12:04 PM / 4 years ago

Subbarao says bad loans situation 'disturbing'

Duvvuri Subbarao, governor of the Reserve Bank of India speaks during an interview with Reuters at a hotel in Mexico City November 5, 2012. REUTERS/Henry Romero/Files

AHMEDABAD (Reuters) - Reserve Bank of India (RBI) chief Duvvuri Subbarao said on Thursday that the bad loan situation at lenders was “disturbing”.

However, he added, that it would not have a major impact on Basel III rules for capital adequacy.

Subbarao was speaking at an institute in Ahmedabad, Gujarat.

Reporting by Neha Dasgupta; Editing by Anand Basu

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