Having said this, I believe that the Bank decided at the April 3–4 MPM all the necessary measures to meet its commitment to achieving the 2 percent price stability target at the earliest possible time, with a time horizon of about two years. 6. Are risks and costs considerable? It is true that the quantitative and qualitative monetary easing entails some risks.
NBFCs are an important component of the service sector which was a significant contributor to the growth of the economy. It is important for the NBFCs to efficiently intermediate and enhance credit delivery to the dispersed, under-banked and under-serviced sections of the economy. However, it is also the Reserve Bank’s responsibility to protect the depositors’ interest.