Indian banks struggle after Taiwanese demand dries up

03 Mar 2011

Taiwanese demand for Indian banks is drying up, leaving borrowers contemplating club deals and top-up syndications.

Taiwanese lenders flocked to Indian bank deals in 2010 for exposure to their relatively short tenors at more attractive pricing than the domestic market could provide. But their appetite is waning as they reach country exposure limits.

Bank of Baroda has been in the market with a $125m loan ...

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