These are niche banks which can help plug the gap in meeting specialised needs for banking products and services across a wider and diverse spectrum. Another, critical issue in India’s credit market has been the consistent gap between the demand and supply of credit to Micro Small and Medium Enterprises (MSMEs).
Therefore, the Bank's goal is not necessarily solely to raise prices, but also to continue to closely monitor developments in wages if it is to achieve the price stability target and thereby contribute to the sound development of the economy. The next point concerns medium- to long-term inflation expectations, which are more or less unchanged recently (Chart 8).