Q. Consider the following statements:
1.A large portion of bank deposits in India are from corporates.
2.A large part of Indian deposits is with public sector banks.
3.The RBI has mandated a Capital Adequacy Ratio (CAR) of 9% for scheduled commercial banks.
Which of the statements given above are correct?
Statement 1 is incorrect. Household savings constitute a major part of bank deposits in India.
Statement 2 and 3 are correct. A large part of Indian deposits is with public sector banks. The RBI has mandated a CAR of 9% for scheduled commercial banks and 12% for public sector banks.