Structural change in ownership structure, with private sector now holding almost 79% of total banking assets, has augured well to enhance  2  BIS Review 56/2008  profitability of banking sector while ensuring professionalism in the management of banks. Growing foreign ownership and acquisitions have paved way for strengthening the capital base of banks and is helping to enhance competition.
The “Other” shock group comprises the investmentspecific technology shock, shocks to foreign variables, measurement errors, and shocks in bridge equations. See Coenen, G., Karadi, P., Schmidt, S. and Warne, A. (2018), “The New Area-Wide Model II: an extended version of the ECB's micro-founded model for forecasting and policy analysis with a financial sector”, ECB Working Paper No 2200.