Assuring depositors that their money was safe in Indian banks, Reserve Bank of India Governor D Subbarao on Saturday said that there was no cause for anxiety and pointed out that Indian banks do not have any direct exposure to sub-prime mortgages.
Although Subbarao added that the banking sector, through its overseas branches, has some international exposure but it is quite small relative to the size of their overall business.
He said that the central bank was geared to inject more liquidity into the country's financial system.
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