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    <title>Union Finance Minister Shri Pranab Mukherjee’s Address at Global Economic Turmoil, Indian Economy and the Role of Banking Sector Following is the text of Finance Minister&#039;s speech at ASSOCHAM, Kolkata on 13-11-2011.</title>
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    <description>The speech stresses that Indian banks must underwrite a return to high, inclusive growth by expanding credit while maintaining capital adequacy. Government recapitalisation of Public Sector Banks and internal efficiency gains are required to meet capital needs. Prudential measures-sectoral exposure limits, mandated liquid assets, conservative Tier I recognition, and heightened provisioning culminating in a specified Provisioning Coverage Ratio-are affirmed. Integration of Basel III principles, strengthened macro prudential overlays, and financial inclusion initiatives are presented as complementary policy pillars to bolster resilience.</description>
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