In Europe, we see frothiness in some market segments or asset classes, but nothing that would be a concern at euro area level and would call for a monetary policy reaction. Local issues call for local solutions, separate from monetary policy, or what we call macroprudential measures.
Aditya Puri Committee deliberating on this issue considered the practical problems faced by banks in gathering individual borrower level information of SHGs as loans under the SHG Bank Linkage Program was given by the banks directly to the SHGs and not individually to its members.