India’s wobbly banking system

Last month, a poll by ratings agency Moody’s found that 70% of investors in Hong Kong see India’s banking system as the most vulnerable in south and southeast Asia.

By
published
in Features

Last month, a poll by ratings agency Moody's found that 70% of investors in Hong Kong see India's banking system as the most vulnerable in south and southeast Asia. "I wonder what the remaining 30% were smoking," says Andy Mukherjee on Bloomberg Gadfly.

The state of Indian lenders "depleted capital levels in state-run banks and an inability to shed soured corporate debt even in non-state-controlled ones" is revealed in their latest earnings. Bad debts now total $191bn and counting.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Alex Rankine
Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.

Latest