95.18% of the total UCBs have reported a CRAR of 9 per cent or more as on March 2015. 13. The sector, however, continues to be afflicted with the existence of 48 UCBs which are having negative net worth and 29 UCBs under All Inclusive Directions, as on date. Expert Committee on licensing of new UCBs 14.
BIS Review 85/2006  1  I suspect that both the supporters and the critics have, at times, overstated the arguments. But, in any event, like them or not, hedge funds and other leveraged entities are here to stay. For the most part, the entities in question are essentially those financial investment vehicles which are outside the normal prudential regulatory net.