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Revitalising India's banks22/01/2002. Source: McKinsey Quarterly. Anu Madgavkar, Leo Puri, and Joydeep Sengupta
 If India doesn't find the capital to revive its weak public-sector banks and to tackle the mounting problem of non-performing loans, its banking system will founder. To prevent this from happening, India's government must commit itself to reforming and consolidating the sector, says McKinsey Quarterly.
India should open its doors to private investors, including deep-pocketed foreign ones that may wish to participate in the country's financial sector.
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Taken from The McKinsey Quarterly, 2001 Number 4 
The McKinsey Quarterly, a journal in print and online from McKinsey & Company, featuring the latest thinking on business strategy, finance and management.
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