With the clear commitment to promptly achieve the price stability target and with large-scale monetary easing, people’s inflation expectations have been rising on the  4  BIS central bankers’ speeches  whole. On the other hand, the Bank’s massive purchases of JGBs have kept 10-year government bond yields at a low level of about 0.6 percent.
I wish to sound a note of warning on the banks setting up subsidiaries and venture capital companies. Banks should; (1)  avoid creating cost centres that will eat into the funds available for the Scheme; and  (2)  take advantage of their branch network and spread to get close to various areas (rural/urban) in the country.