Exposure of banks to Lehman Brothers $336 mn: FM

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October 20, 2008

Exposure of banks to Lehman Brothers $336 mn: FM October 20th, 2008 The Government said banks have exposure of USD 336 million in US-based investment bank Lehman Brothers, which has filed for bankruptcy. The banks’ exposure to Lehman Brothers is USD 336 million (Rs 1,580 crore) as on September 30, Finance Minister P Chidambaram told Lok Sabha in a written reply. The exposure mainly consisted of investments in floating rate notes, nastro balances, bank guarantees, forex exposures, etc, he sa
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