The Indian banking sector will, as such, need to match up to the requirements of a fast growing economy including the likely acceleration in the Credit to GDP ratio. Added to this is the demographic dividend with its myriad challenges and opportunities. There is thus a huge responsibility on, and opportunity for, the Indian banking sector going ahead. 4.
The Bundesbank and BaFin will consequently continue to supervise the German SSM banks. That ensures that national supervisors’ expertise is not lost. In terms of the Bundesbank, it is not just our know-how and experience that count, but also the fact that we have offices in those locations where the banks are headquartered and operate – whether that be Munich or Hamburg.