The financial crisis sweeping eastern Asia is unlikely to have an immediate impact on India, according to the chairman of the country's third-largest bank.

Manohar G. Bhide, chairman of $10 billion-asset Bank of India, noted that his country does not have an export-dependent economy nor are its banks and corporations as highly leveraged as those of South Korea, Thailand, Indonesia, and Malaysia.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.