The most immediate impact will be positive: a boost to consumers’ disposable incomes and spending. Lower oil prices will also benefit many sectors, such as manufacturing, by reducing production costs.
While , to some extent banks can undertake the maturity transformation, to mitigate the risk of such transformation beyond acceptable limits, the only option is for government  BIS Review 107/2009  5  itself or government entities like IIFCL to provide appropriate risk mitigants till natural long term institutional investors emerge in a big way.