MAS steps up scrutiny of some Indian bank branches in Singapore as bribery scandal over bad loans rocks India’s banking system

Reuters UK, 13 Sep 2014
Singapore regulators have stepped up their scrutiny of some local branches of Indian banks on concerns about asset quality, three bank executives told Reuters.
India’s slowest economic growth in a decade and a weakened rupee have weighed on the balance sheets of heavily leveraged Indian companies, including those that have raised money from Indian lenders in offshore