May 30, 2013 / 12:04 PM / 5 years ago

Subbarao says bad loans situation 'disturbing'

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

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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