From
Deccan Chronicle:
Among the bank groups, the off-balance sheet exposure of foreign banks was over 28 times of their total liabilities. Private sector banks and public sector banks had off-balance sheet exposures of 251.2 per cent and 61.5 per cent of their total liabilities, respectively.
That's right, it's not 28 per cent, but
28 times. Considering that Citigroup is supposed to have a trillion or so dollars in off-balance sheet SIVs, this is not surprising:
The top five banks with the largest off-balance sheet exposures in India were Citibank - Rs 16,44,729 crore; Standard Chartered - Rs 16,25,608 crore; HSBC - Rs 13,22,985 crore; ICICI Bank - Rs 11,51,349 crore and Barclays Bank - Rs 10,44,134 crore.
Like parent, like subsidiary. Also note that you-know-who is the only Indian bank in this sorry list.
