A cross-country survey of crucial banking indicators reveals that the Indian banking system is now comparable to those of developed economies in terms of key indicators (Table 10). The capital adequacy ratio at 12.4 per cent for the system as a whole at end March 2006 is comparable to that of most advanced economies.
For more on this see also OECD Financial Market Trends No 76, July 2000, Main Changes in the Financial Structure of the Euro-Zone since the Introduction of the Euro, pp 109-127. 1  BIS Review 86/2000  the latter case it should be borne in mind that many of the debt securities were issued by the public sector.