Therefore, the lowinterest-rate policy must not prevail for any longer than is absolutely necessary from the perspective of price stability. There is a risk, for example, that politicians will start to rest on their laurels because of the short-term stimulus provided by this accommodative monetary policy.
KYC policy of banks – the 4 key elements The Reserve Bank has prescribed that the KYC policy of banks should have the following key elements: i)  Customer Acceptance Policy  ii)  Customer Identification Procedures  iii)  Monitoring of Transactions, and  iv)  Risk Management  Customer acceptance policy The salient features are: •  No anonymous or fictitious/benami accounts to be allowed  •  Not to open/close accounts when unable to apply appropriate Customer Due Diligence (CDD – decision to close a/cs to be taken at reasonably high levels after issuing due notice to the customers).