Ms. Usha Thorat, Dy. Governor, RBI has said that the domestic banks do not have much exposure to the debt-ridden Dubai World and hence their balance sheets will not be materially affected by the crisis.
Moody's, the rating agency, also said the ratings of Asian Banks is unlikely to be downgraded, unless there is a massive restructuring in Dubai.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Dubai-crisis-wont-hit-Indian-banks-RBI/articleshow/5298020.cms
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