The reporting system could be limited to a core reporting system, for example – a standard approach in the reporting system, so to speak. In the second pillar, in other words the prudential monitoring of the institutions, there could be a reduction in the scope and depth of detail in the audits.
The Reserve Bank, for its part, is redoubling its efforts in revitalising the rural cooperative credit system, in strengthening Regional Rural Banks, in providing incentives to commercial banks for promoting investments in rural economy and in ensuring adequate and timely delivery of credit at appropriate price.