We have also used macroprudential instruments symmetrically – tightening in times of excess demand as, for example, in the years before the crisis, and easing in times of slackening demand, for example, as part of the crisis response. 38. Even as macroprudential policies have become the talk of the town post-crisis, deploying them requires careful judgement.
C.  Measures for improving corporate governance  While extending necessary support for up-gradation of professional skills of Directors, the Reserve Bank also advised banks to induct at least 2 professional directors on their Boards, with a view to ensuring that Boards have the requisite skill and competence to review and assess management performance.