References Bassett, William F., Mary Beth Chosak, John C. Driscoll, and Egon Zakrajsek (2014). “Changes in Bank Lending Standards and the Macroeconomy,” Journal of Monetary Economics, vol. 62 (March), pp. 23–40. Bernanke, Ben S., and Mark L. Gertler (1989). “Agency Costs, Net Worth, and Business Fluctuations,” American Economic Review, vol. 79 (March), pp. 14–31. Borio, Claudio, and Mathias Drehmann (2009).
With the exponential growth of digitisation and online commerce in India, the Reserve Bank has also directed its policy efforts to put in place a state of the art national payments infrastructure, while ensuring a safe, secure, efficient, cost-effective and robust payments ecosystem.