In this way, it could provide an additional stimulus to the economy via inflation expectations. If people expect future inflation to be temporarily higher than anticipated so far, real interest rates will decline even when nominal rates remain unchanged. This, in turn, will induce them to consume and invest more in the here and now.
•  Management experience in banking and finance. •  The applicant and its affiliates must be solvent. •  Have the plan to offer financial services including opening up of branches and agencies.