Trump’s 50% Levy Is Forcing Indian Banks to Scrutinize Exporters

Indian banks are increasing scrutiny of new loan applications from exporters by asking about exposure to the American market and contingency plans for coping with US President Donald Trump’s steep tariffs, according to people familiar with the matter.

Bloomberg News spoke to officials at five large Indian lenders who said they’re assessing the financial ramifications of the punitive levies on their clients, especially those in the export-dependent textile, gem and jewelery sectors. They all spoke on the condition of anonymity, as the information is not public.