He also noted that ratio of deposit to M-CAP (market capitalisaion) is not the correct instrument for assessing the safety of banks and instead Capital to Risk (Weighted) Assets Ratio (CRAR) should be gauged.
The 'budget case' tradition started in the 18th century, when the Chancellor of the Exchequer or Britain's budget chief was asked to 'open the budget' while presenting his annual statement.
The survey outlines strategic plueprint to achieve Prime Minister Narendra Modi's vision for $5 trillion economy.
The post had been vacant since Arvind Subramanaian resigned in July, three months before his extended tenure was to end
