Indian Banks still healthy

Just read that HDFC Q3 results were net up 45%. Federal bank also was not far behind. Seeing that our banks are still posting profits in this economic down time justifies that our domestic
market is still strong. People are still able to pay the EMI's, there are very few foreclosures
and the banks are not geting piled up with deflating real estate assets.

In general India market still seems to have lot of liquidity compared with its western counter parts.

Is this because of the banking regulation defined by the RBI that our banks are in a better shape?
Well I think will have to do some kind of research to comment more on this.