India private sector banks start signing CSAs

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Up to eight India private sector banks have signed credit support annexes (CSAs) with international firms due to the increased cost of uncollateralised derivatives under Basel III and despite strong historic resistance to the practice, according to market sources.  While international banks have been keen on signing CSAs to better ensure efficient risk management processes, smaller local players in India – in common with most developing Asian markets – were unwilling to take

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