Corporate balance sheets are strong and flush with cash, profits are strong, and broad stock price indexes are up appreciably since the beginning of last year. At the same time, yield spreads on corporate bonds across the ratings spectrum have been low, supported by the strong balance sheets and robust profits. Inflation What are the implications of current economic activity on inflation prospects?
In June, 2007 to increase their exposure to foreign exchange business they were allowed to accept FCNR deposits. RRBs were also allowed to participate in consortium lending with sponsor banks, DFIs and other banks within the area of operation.