Indian banks pause new Gulf deals as Iran crisis rattles risk models

They are not cutting ties yet but halting new deals

Indian banks are tightening their exposure to Gulf markets as the Iran crisis drags on. Several lenders, including SBI and Punjab National Bank, are pausing fresh business in the region while monitoring existing relationships. The strategy is aimed at limiting financial fallout, managing cross-border risk, and protecting stability in international operations until the situation becomes clearer.