4 min read.Updated: 06 Mar 2018, 10:41 AM ISTTadit Kundu
The capital adequacy ratio of India's banking system is much worse than that of peers
When the Indian economy and its banking sector emerged relatively unscathed after the global financial crash of 2008, India’s financial system became the envy of the world. That seems a distant memory today as the banking sector of the country reels under one of the worst crises it has faced in a long time. A mounting pile of bad loans, poor accounting standards and growing evidence of lax supervision and banking fraud—unearthed over the past few weeks by several government agencies—highlight the deep rot at the core of India’s financial system.