.......In his close to an hour-long address on ‘Indian Banking – Looking beyond the crisis’, Subbarao said one concern of Basel-III is that as it requires a higher level of capital; bank credit will be more expensive. “That is a problem for us because our economy is at the stage where requirement for credit will go up. The credit to GDP ratio will go up for several reasons. We are a structurally transforming economy.”...........
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