NEW DELHI: Growth in the country's banking sector is likely to grow for the next several years, with rising economic activities and young population but certain weaknesses in the system need to be addressed, says a Standard & Poor's report.
The growth will be fuelled by rising investment by domestic and foreign corporates and increasing consumer expenditure, the report 'Indian Banking System: Strongly Placed but Weaknesses cannot be Wished Away' said.
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Wednesday, September 12, 2007
Banking sector on a boom, set to grow further
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