Deputy governor of Reserve Bank of India Rakesh Mohan admitted the current risk aversion in the global financial markets to emerging economies could impact the ability of Indian companies to raise funds overseas and impede investment growth Mumbai: As many as 14 Indian banks have reported exposure to Lehman Brothers holdings Inc., deputy governor of Reserve Bank of India Rakesh Mohan told a International Monetary Fund meeting in Washington DC on 9 October. A majority of these exposures relate to Lehman subsidiaries not covered by its bankruptcy proceedings, although the amounts are not significant, he said in his speech, put up on the central bank’s website on Friday. Mohan, however, admitted that the current risk aversion in the global financial markets to emerging economies could impact the ability of Indian companies to...
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