Forward contracts once cancelled cannot be rebooked;  c.  Net Overnight Open Position Limits (NOOPL) of the Authorized Dealer (AD) banks were reduced across the board; and  d.  AD banks were advised that their intra-day open position/daylight limit should not exceed the existing NOOPL approved by the Reserve Bank;  v.  Interest rate on export credit in foreign currency was deregulated;  vi.
At the end of the 1980s bank deposits amounted to only 4 percent of GDP, whereas today they amount to 16 percent of GDP. The growth of bank deposits has, in turn, made possible a dramatic growth in bank lending to the private sector. In real terms, after adjusting for inflation, commercial bank lending to the private sector has expanded eighteen fold since 1992.