he´sme he´keÀeMeôer PRESS RELEASE? Yeejler³e fjÂeJeõ yeQkeÀ leave BANK OF INDIA meb®eej fJeYeeäe, keWÀêr³e keÀe³eeõue³e, Sme.yer.Sme.ceeäeõ, cegbyeFõ 400001 ____________________________________________________________ ____________________________________________ DEPARTMENT OF COMMUNICATION, Central Office, S.B.S. Marg, Mumbai 400001 HeÀesôe/ environ: 91 22 2266 0502 HewÀkeÃŒme/Fax: 91 22 2270 3279 www.rbi.org.in/hindi Website : www.rbi.org.in F-cesue email: helpdoc@rbi.org.in JesyemeeFì : October 27, 2009 Second Quarter Review of pecuniary Policy 2009-10: Press Statement by Dr. D. Subbarao, Governor This morning, I had a meeting with the chiefs of major banks where we discussed recent economic developments and where I announced the Second Quarter Review of the give up coasts Monetary Policy for 2009-10. In the run up to this policy review, we consulted with a wide array of stakeholders and took their views on board. Banks in general welcomed the Reserve Banks policy stance. They agreed with the Reserve Banks emphasis on credit flows, especially to agriculture and micro, small and medium enterprises to support the revival of growth.
They indicated that succession underlying economic activity has picked up, credit demand mud muted because the access of financing from external and domestic non-bank sources has go significantly. Banks felt that credit growth prospects remain favourable sack forward. Apart from credit offtake, discussion centred around specific issues much(prenominal) as the new liberalised policy on branch authorisation, changes in provisioning norms, infrastructure financing, currency management, priority sector lending certificates (PSLCs), and the recommendations of the operative Group on BPLR. Banks welcomed the liberalised policy on branch authorisation, which in concert with the liberalised business correspondents model, according to them, should promote financial inclusion and emergence credit flow. As regards infrastructure... If you want to get a practiced essay, order it on our website:
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