•  Monetary policy decisions made since early August can only be understood against the backdrop of the progressive increase in key ECB interest rates since December 2005, in the face of the emergence of upside risks to price stability, in a context of strong money and credit growth, a recovery in economic activity and, latterly, a tightening of capacity constraints.
The BCSBI represents the latest in a series of initiatives taken by RBI for addressing the issues relating to fair practices for bank customers especially the common person.