Thus, no direct impact on account of direct exposure to the sub-prime market was in evidence though a few of these banks had to record the mark-to-market losses caused by the widening of the credit spreads due to adverse impact of the sub-prime episode on the term liquidity in the market. Measures taken by the RBI 18.
Let us recall that Serbia’s GDP growth measured 2.5% last year and was almost the highest in the region.