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Indian banks to remain resilient during FY10, FY11: Fitch

Indian banks are expected to remain robust during the current fiscal and the next even if non-performing assets and interest rates rise, according to global rating agency Fitch.

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Indian banks are expected to remain robust during the current fiscal and the next even if non-performing assets and interest rates rise, according to global rating agency Fitch.

"...the Indian banking system is expected to remain resilient even under rigorous stress assumptions on both asset quality and profitability during FY10 and FY11," the global ratings agency said.

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