The Reserve Bank has initiated a host of measures for the creation of a competitive environment and improve efficiency in the process of financial intermediation. It is important that banks continue to adequately finance activities that are of crucial importance to growth.
Ben S Bernanke: Monetary policy and the housing bubble Speech by Mr Ben S Bernanke, Chairman of the Board of Governors of the Federal Reserve System, at the Annual Meeting of the American Economic Association, Atlanta, Georgia, 3 January 2010.