G Padmanabhan, an Executive Director of the Reserve Bank of India, delivered a speech on July 13 in which he assessed the effects of global banking regulations on the Indian economy. Speaking at the Bankers Club in Raipur, Padmanabhan said that co-ordinated international regulations could create positive externalities for India, but might need to be changed to account for the needs of the domestic economy. "For instance, guidance on the conduct of the counter-cyclical capital buffer for India may require some adjustment," he said, explaining that the credit-to-GDP ratio was potentially problematic for credit growth in India.............
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