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Moody's: Draft bill on resolution of financial firms is credit positive for banks

Moody's: Draft bill on resolution of financial firms is cred...

Tue, Oct 18, 2016

Srikanth Vadlamani, Moody's Vice President and Senior Credit Officer said,"Currently, the resolution of financial firms in India is based on minor parts of legislation enacted for other purposes. As a result the bill is a credit positive for Indian banks in terms of enhancing overall systemic stability".

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