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India cbank chief says bad loans situation 'disturbing'
May 30, 2013 / 11:59 AM / 5 years ago

India cbank chief says bad loans situation 'disturbing'

AHMEDABAD, May 30 (Reuters) - India’s central bank 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 the western Indian city of Ahmedabad, Gujarat. (Reporting by Neha Dasgupta; Editing by Anand Basu)

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