New Delhi, Oct. 13 -- Indian banks are set to strengthen their financial resilience under the Reserve Bank of India's (RBI) proposed regulatory reforms, global rating agency Fitch Ratings said in a report released on Sunday.

In its latest analysis titled "Indian Banks to Strengthen Resilience Under Central Bank Reforms", Fitch said the proposed measures would enhance the sector's ability to withstand economic shocks and align domestic regulations more closely with global banking standards.

It says that the 21 reforms announced by the central bank are broadly positive for India's financial sector. An improved regulatory framework will strengthen the banks' operating environment.

The RBI plans to implement a forward-looking expected cred...