New Delhi: In the Yes Bank crisis case, Subramaniam, Chief Economic Advisor, said that globally the capital to risk asset ratio (CRAR) of banks is close to 8 per cent, while CRAR for banks in India is close to 14.3%. Accordingly, our banks have 80% more capital to risk assets according to global scales.
He said that the safety margin for our banks is very large. They do not have a shortage of capital. If we talk about the interest of the depositors, then the risk insurance has been increased from one lakh to five lakhs in this budget. In such a situation, there is no need to panic the depositors. Indian banking sector is absolutely safe and every single rupee of depositors.
