See BIS (2010), 80th Annual Report; G Galati and R Moessner (2011), Macroprudential Policy: A Literature Review, BIS Working Paper, No 337. 8  See Committee on the Global Financial System (2010), Macroprudential instruments and frameworks: a stocktaking of issues and experiences, CGFS Paper 38.
The borrowers in many instances went for projects and purposes other than those included or prioritised in the original schemes sanctioned by the banks. To avoid such a situation, the banks have already started paying a lot of attention to the end use of credit. The RBI expects the banks to set up an efficient and appropriate loan review mechanism for this purpose.