This will require reorientation of public expenditure towards strengthening social and economic infrastructure and active encouragement of private investment in industry and services. In this process, banks can play a major role by effectively meeting the credit need of the economy and being more inclusive. Thank you. BIS central bankers’ speeches  11
Among the few respondents that saw an increase in loan demand over the previous three months, all indicated that business borrowing had shifted to their bank from other bank or nonbank sources because the other sources had become less attractive. In addition, more than 30 percent reported that inquiries from potential business borrowers had decreased during the survey period.