We should also establish links with Ministry of Corporate Affairs (MCA) database to improve our coverage of corporate statistics. Third, asset prices, particularly house prices are assuming greater importance in monetary transmission. While development of housing finance in advanced countries has a long history, the expansion of housing finance by the formal financial sector in India is of relatively recent origin.
The run-up in deposits has been driven, in part, by RBA purchases of government bonds from non-banks, as well as the indirect effects of the TFF (Graph 3). [4] In short, the availability of the TFF, along with the large increase in low-cost deposits, have combined to reduce banks' cost of funds to historic lows.