Indian banks must disclose more: Fitch

"The credit profile of the Indian banking sector has improved during the last two to three years, helped by investment in risk management systems and a benign credit cycle," Fitch said in a report.

The financial health of Indian banks strengthened even as the Reserve Bank gradually tightened the prudential norms. However, Fitch noted that despite recent progress on disclosures by Indian banks, a lot more still remains to be done in this regard. Fitch observed that notable changes include increased general provisions on certain retail loan categories and increased risk weight on real estate exposures.