Moody's downgrades 11 Indian banks

JF Tremblay, assistant managing director, Financial Institutions Group, Moody's Investor Service, talks to NDTV Profit about the reason for downgrading the subordinated debt (sub-debt) and junior subordinated debt ratings of 11 Indian banks, like Axis Bank, ICICI Bank, HDFC Bank, SBI, BoB, BoI, Canara Bank, IDBI Bank, IOB, UBI and Syndicate Bank. He talks about how Indian banks are placed in comparison with banks in other emerging markets in terms of regulatory support in case of a fallout.