Indian banks avoid fresh Gulf bets as Iran crisis drags on
Published on: May 11, 2026, 12:56 a.m. | Source: The Economic Times
Indian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial trouble. State Bank of India and Punjab National Bank are among those taking a cautious approach. This move aims to manage risks and ensure stability in international operations.
