Furthermore, the profitability of their operations in India is considerably higher than that of the domestically-owned banks and, in fact, is higher than the foreign banks’ operations in most other developing countries. India continues to grant branch licences more liberally than the commitments made to the WTO.
Fourth, the share of state-owned banks in total banking sector assets: Emerging economies, with predominantly Government-owned banks, tend to have much higher state-ownership of banks compared to their developed counterparts.