However, before we move on to this, allow me to briefly venture outside the usual timeframe covered by this Report and look back at the results which the National Bank of Serbia achieved in the past five years, that is, in the period since my appointment as Governor.
Consequently, from January 1, 2018, banks would have to maintain NSFR of at least 100 per cent. Our understanding is that Indian banks would be comfortable on NSFR front. As of June 2015, based on data from a sample of Indian banks, the NSFR was observed to be 121 per cent, much higher than the requirement of 100 per cent.