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Indian Banks Exposure to Dubai

Posted on November 30, 2009

This note highlights the exposure of India banks to Dubai. Bank of Baroda's exposure to Dubai accounts for 2% of its total assets and 7% of its international assets. For all other large banks exposure is not significant.SummaryExcept for Bank of Baroda, no bank has provided quantitative details of its Dubai exposures. Among non-banks, Kotak Mahindra Bank has insurance policies generated from Dubai, runs an offshore mutual fund and has other investments and broking revenuescoming out of Dubai.ICICI BankICICI Bank management provided the following details Loans for the UAE region are booked a...

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