BIS Review 97/2010  1  Households remain cautious, and the initial driver of the recovery – inventory adjustments – cannot continue indefinitely without a recovery in domestic demand. The withdrawal of the fiscal stimulus in the US is therefore coming at an inopportune time.
The revised guidelines prescribe that loans up to Rs.25 lakh for housing in metropolitan centres with population above ten lakh and Rs.15 lakh at other  6  BIS central bankers’ speeches  centres would be treated as PSL. This is expected to fine tune the disbursal of need based housing loans in all centres.