Third, the floating band of interest rate on loans to small and medium sized enterprises has been widened for three times, leading to improved risk management capability of the banks and enabling these enterprises to have easier access to bank credit. Fourth, management of interest rate on foreign currency has been relaxed.
Another important dimension of our interface with the government is our interaction with the Executive and Legislative branches of Government. As mandated in our charter, we submit regular reports to the President and both houses of Congress.