30-May-2026
Banking
 
Indian banks avoid fresh Gulf bets as Iran crisis drags on
11-May-2026

Indian banks have stopped fresh exposure in the Gulf countries in the aftermath of the prolonged Iran crisis, bankers told ET, with the focus shifting instead to careful monitoring of existing relationships to prevent balance-sheet pain. State Bank of India (SBI) chairman CS Setty said that though there is no direct impact on the bank's business or asset quality due to the ongoing conflict, the bank is being cautious.

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-banks-avoid-fresh-gulf-bets-as-iran-crisis-drags-on/articleshow/130998580.cms
 
 
 

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