The minutes of the latest RBI monetary policy committee (MPC) meeting released on Friday showed the central bank has shifted its focus to fighting surging inflation even as growth worries remain.
MPC minutes: Member calls for highest policy attention to allay financial stability fears
Although banks have bolstered their capital buffers in comparison to the global financial crisis, the stress in the financial sector s balance sheets could intensify, noted MPC member Michael Debabrata Patra
BusinessToday.In | February 22, 2021 | Updated 22:53 IST
During the Monetary Policy Committee meeting earlier this month, one of members pointed out the potential threat to financial stability as measures to ease the coronavirus pains are removed. Michael Debabrata Patra called for measures to ensure long-term support to nascent recovery in credit growth, as per the minutes from the meeting.