In several new private banks, this share is well over 50 per cent; these banks account for around half of the total assets of domestic private banks. Even in several public sector banks, the extent of foreign ownership within the private holding is close to that of the domestic private holding. The fifth issue pertains to Basel II.
Commercial banks in India are expected to start implementing Basel II with effect from March 31, 2007 though a marginal stretching is not ruled out in view of the state of preparedness. They will initially adopt Standardised Approach for credit risk and Basic Indicator Approach for operational risk.