Indian banks' risk appetite unchanged in crises: Morgan Stanley ED

Morgan Stanley Executive Director Sumeet Kariwala said Indian banks' risk appetite didn't change much even during the global crises. This is because their balance sheets are now seasoned and de-risked, Kariwala said. Earlier, when India was itself going through crises in one way or another, it would face repercussions of global headwinds in terms of trade, jobs, etc, he added.