"Indian banks, that have exposure to the region, are also under the scanner. Banks with presence in the UAE include Bank of Baroda (7-8% of total international loan book or Rs 10,000 cr exposure to UAE and Rs 4,000 cr exposure to Dubai), ICICI Bank (exposure to UAE largely on Bahrain branch), State Bank of India(exposure of roughly Rs 1,500 crore to UAE), Axis Bank (Dubai balance sheet 1.3% of total balance sheet of bank) and Union Bank. However, HDFC Bank has tied-up with local banks to serve Indian expatriates." - ravi karandeekar

"Indian banks, that have exposure to the region, are also under the scanner. Banks with presence in the UAE include Bank of Baroda (7-8% of total international loan book or Rs 10,000 cr exposure to UAE and Rs 4,000 cr exposure to Dubai), ICICI Bank (exposure to UAE largely on Bahrain branch), State Bank of India(exposure of roughly Rs 1,500 crore to UAE), Axis Bank (Dubai balance sheet 1.3% of total balance sheet of bank) and Union Bank. However, HDFC Bank has tied-up with local banks to serve Indian expatriates." - ravi karandeekar