Therefore, expansion of public sector banks into new areas would depend on the ability and willingness of the Government to infuse capital. 11. The private sector banks have a share of about 18 per cent of the total banking assets in India.
However, what makes this crisis different are: 1. Its truly global nature: while contagion resulting from the problems observed in emerging market economies in recent years was significant in countries believed to have similar characteristics, the crisis in the U.S. economy ended up substantially affecting all regions around the globe. 2. The second important difference is the magnitude of the crisis.