We also remain engaged with the external auditors to flag issues that are relevant for their role. 16. Summing up, our approach towards maintaining the stability of  the Indian financial system is integral to our conduct of monetary policy as financial instabilities can undermine economic growth and impede monetary policy transmission.
We recognize that the likelihood of financial turbulence would be high if there is no price stability. This reinforces our belief in the complementarity of monetary policy and financial stability in the long run. Effective Communication 17. At the Reserve Bank, we are mindful of the importance of  communication, given our multifarious responsibilities and wider ramifications of our actions.