As you know, financial sector reforms since the year 1991 have heralded a dramatic shift in the way banks function and operate in India.
We noted in our Financial Stability Review from last November that vulnerabilities are continuing to build up in the German financial system: [1]  • After ten very good years for the economy, there is a risk that future credit risks could be underestimated. • The recoverability of collateral, such as in the real estate financing segment, might be overestimated.