RBI keeps close watch on Credit Suisse crisis

With a single branch in India, Credit Suisse has a 1.5% share among foreign banks in India. Its share of banking assets is at 0.1%. About 70% of the bank's assets in India are in short-term government securities. "Banks in India have already downgraded Credit Suisse in their internal ratings so fresh trading positions with them is now unlikely," said the chief government bond trader at a large private sector bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/sJ2elqm