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The Indian banking industry has experienced qualitative growth rather than quantitative growth in recent years and this trend is expected to continue. Total assets of scheduled commercial banks are projected to reach Rs. 40.9 trillion by 2010, growing at an annual rate of 13.4% but more slowly than the previous 16.7% rate. Public sector banks currently dominate the industry but face challenges of non-performing assets, excess staff, and outdated technology while private and foreign banks have grown rapidly

Author

Hozefa Sodagar

Language

EN