The average capital adequacy ratio for the scheduled commercial banks, which was around two per cent in 1997, had increased to 13.08 per cent as on March 31, 2008. The improvement in the capital adequacy ratio has come about despite significant growth in the aggregate asset of the banking system.
It entails ensuring access to IT infrastructure by people from all walks of life to achieve inclusivity. With the framework’s promising benefits, we must also be cognizant of its attendant challenges and risks. Data privacy concerns, money laundering, and electronic frauds are among the issues that can undermine the confidence in this policy initiative.