ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Convergence and Divergence of Indian Banking

The Reserve Bank of India's report 'Trend and Progress of Banking in India 2006-07' states that the Indian commercial banking system has achieved remarkable soundness, dynamism and resilience. And that there is also a convergence in the levels of soundness of public sector banks and new private banks. However, the RBI's claim that the indicators of soundness for Indian banks compare well with international standards is not convincing.

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