Here the Scheduled Commercial Banks (SCBs) in India report credit information of their large borrowers, i.e., those having aggregate fund-based and non-fund based exposure of INR 50 million and above. It covers around sixty per cent of the loan portfolio and around eighty per cent of the non-performing loans of SCBs.
But proximity of supervision is also reflecting the fragmentation of the banking landscape with more than 7.000 banks and only 40 large cross border banks. The EU financial stability framework should ideally deal with the full spectrum of risks, including cross-border risks, at a minimum cost to the taxpayer who remains national. This requires rapid decision-making and quick implementation of remedial actions.