From that will follow more investment spending by companies, accompanied by more employment growth. All of this will help absorb our spare capacity, bringing inflation sustainably to our target of 2 per cent. And along the way, there will be a gradual reduction in our financial stability risks, such as household imbalances. This is a natural sequence that we will monitor carefully.
The Reserve Bank of India (RBI) is the regulator of the major players in the Indian financial system (banks, financial institutions and NBFCs) and has to ensure that financial intermediaries engage in Securitisation prudently. 19. The Reserve Bank issued the first set of comprehensive guidelines applicable to banks, financial institutions and non-banking financial companies (NBFCs) on Securitisation in India way back in February 2006.