Moody's: Draft bill on resolution of financial firms is credit positive for banks
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".
Moody's Investors Service on Tuesday said that the draft bill on the resolution of financial firms in India (Baa3 positive) is a credit positive for banks. Photo: Pixabay