In the United States, housing investment and private consumption are expected to be the driving force of the pick-up in the economy in the short run; if the recent uptrend in long-term interest rates strengthens suddenly, however, this could adversely affect funding for housing investment and car purchases.
In the recent period, we have been taking measures to improve their governance structure, implement system-based asset classification norms, bring them into the CRILC1 reporting infrastructure and under the supervisory action framework (SAF). Last month, we have set up an expert committee to examine these issues and provide a road map for strengthening the UCB sector. Banking sector: Way Ahead 9.