rbi speech, 2005-12-21
In the context of gradual deregulation of financial sector, several factors could have been at work: a significant shift of the best-practice frontier, driven by a combination of technological advances, financial innovation and different strategies pursued by banks suited to their business philosophy and risk-return profile, changing composition of banks' input-output, and reduction in total cost due to improvements in overall efficiency.
Sentiment: neutral
Topic: mp_economic_activity