Few other developmental measures initiated by RBI are: •  Permitting banks to provide Partial Credit Enhancements to bonds issued by corporates /special purpose vehicles (SPVs)  •  Allowing banks to issue long-term bonds to raise resources for lending to long-term projects in infrastructure sub-sectors and affordable housing- Instruments exempt from regulatory pre-emptions i.e.
It is a growth contribution measured in fractions of one per cent, not the difference between, say, a 3 per cent annual growth rate and a 5 per cent annual growth rate. Of course, achieving even a small increase in annual growth is definitely worth having.