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Coimbatore, Oct. 15

Bankers feel that the steps that the Government proposes to take by providing finance to banks with capital adequacy ratio less than 12 per cent is a welcome step in the interest of the system. Mr N. Kamakodi, Executive Director, City Union Bank, said “very few banks would have the CAR below 12 per cent, but with the Government stepping in to provide finance to banks to increase it to 12 per cent, the move would strengthen the banking system as a whole”. Reacti ng to the CRR cut by a further 100 basis points within days of the 150 bps cut, both Mr Kamakodi and Mr P.T. Kuppuswamy, CEO, Karur Vysya Bank, said that it would definitely improve liquidity.

— Our Bureau

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