is Indian banks are free from financial crisis

thanks to our traditional methodology and conservatism. our banks are traditional in risk assessment and too conservative.  compare to western countries we can firmly say our banking is much less exposed to crisis because:

• our banking approach to individuals is very less vis-a-vis west.
• there are very less loan product portfolios available to common people.
• less variety less hedging of risk
• since approaching is very less circulation of money on account of loan is also less.
• when money circulated is concentrated risk can also be mitigated with focus on point which helps our banking companies to evade from crisis.