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2008 vs 2011: Fitch says banks have better profits now

Speaking exclusively to CNBC-TV18, Ananda Bhoumik of Fitch Ratings says their research finds that the loan loss provisions of banks, due to Reserve Bank of India’s dictate are higher now. "And, hence, Indian banks are now entering this phase of difficult times with better profitability than in 2008," he said.

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