Funds Up 313% In Five Years
The net owned funds (equity plus reserves) of the banking sector increased from Rs 8,898 crore in 1991-92 to Rs 36,766 crore in 1995-96,a growth of 313 per cent in this period. The thrust of the banking sector reforms has been towards shoring up their capital base. RBI had prescribed that all banks should achieve a capital adequacy ratio of 8 per cent by March