The phasing-out of crisis measures Let me be clear: the fact that we are discussing exit strategies by no means implies that we are about to implement them. But for them to be effective, we need to be transparent. Otherwise, investors may become fearful of inflation and concerned about the sustainability of public finances. This would no doubt push up long-term interest rates.
We also modified the overly conservative accounting norms that were earlier applicable to the Held to Maturity category, in India. Fourth, A supervisory review process (SRP) was initiated with select banks having significant exposure to sensitive sectors, including reliance on call money market, in order to ensure that effective risk mitigants and sound internal control systems are in place.