Indian banks cushioned from rupee fall: S&P
"Indian banks are also largely cushioned from the recent depreciation of the rupee. That's primarily because they are domestically funded in local currency, and foreign currency assets and liabilities are mostly matched," Standard & Poor's said.
New Delhi Last Updated: October 1, 2015 | 17:41 IST
The report based on Asia-Pacific banks said they have adequate buffers to withstand currency depreciation, and lenders in the region appear fairly well-padded against the recent fall in currency value.