Highlights of the Banking System
—The
financial system is pre-dominantly bank-based as banking sector assets
constitute around 73% of the total financial sector assets.
—Banks have
improved their risk management practice over the year which has resulted in
improved their performance
—Net NPLs to
net advances have reduced to 3.1% as on December 31, 2013.
—Banking sector is well capitalized with overall Capital
Adequacy Ratio at 16% as on December 31, 2013
—Efforts are
under way to improve the excess of banking services to the un-served
population of the country.