This view is partly based on the expectation that the world economy will continue the expansion that began in 2009. World economic growth is estimated at about 4½ per cent for this year, which is above average – in other words, quite a healthy outcome.
Banks with deposits under Rs.100 crore and whose operations are limited to a single district, are considered to be more closely epitomizing the spirit of cooperative banking and as such are placed under simplified regulations to enable them to gradually gain in strength, such that, over a period of 3 years they can be brought at par with all other banks in term of performance, strength and regulatory prescriptions.