Excerpt from Report:

Commercial banking is dominated by the 28 state-owned banks, which controlled 70.5% of assets in the sector at the end of fiscal year 2006/07. The net profits of the 28 public-sector banks rose to Rs201.52bn in 2006/07, from Rs165.39bn in the previous fiscal year. The net profits of all foreign banks rose to Rs45.85bn ...

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