To ensure engagement of the Top Management/senior functionaries of the Bank in the FI process, a system of annual review meetings between CMDs/CEOs of banks and Deputy Governor of RBI has also been institutionalized. 6  BIS central bankers’ speeches  Performance of banks under the financial inclusion plan 27.
In response to the global financial crisis and recession, the Bank's monetary policy has been very aggressive, and since April of this year, the target for the overnight rate has been one quarter of one per cent – that's effectively as low as it can go. In other words, we cannot lower our policy rate any further to provide economic stimulus.