functioned against both bank-specific and macroeconomic determinants. The results indicated that among the bank-specific factors …, bank size, capital adequacy ratio, deposits ratio, operation efficiency ratio, and return on assets ratio are found to have …, the results indicated that interest rate and exchange rate are found to have a significant effect on LQD. The Reserve Bank …

findings suggest that high capital requirements and large bank size do not reduce default risk, whereas high profitability and … findings are relevant to bank managers, investors and bank regulators, in formulating effective credit policies and investment …