rbi speech, 2006-05-09
In developed countries, in 2004, banks' operating expenses were 3.5 per cent in the US and 2.8 per cent in Canada and Italy and 2.6 per cent in Australia, while they were in the range of 1.1 to 2.0 per cent in banks of other developed countries such as Japan, Switzerland, Germany and the UK.
Sentiment: neutral
Topic: mp_interest_rate