Although implementation of Basel II will require more capital for banks in India, the cushion available in the system - at present, the Capital to Risk Assets Ratio (CRAR) is over 12 per cent - provides some comfort.
I can assure you that without the statistics that I have just mentioned, we would not be able to take any informed decision in any of our main functions. The ECB, or better, the ESCB, is not only a heavy consumer of statistics but also a producer of statistics.