Macroprudential Policies: Indian Experience

Reserve Bank of India (RBI) has been using macroprudential polices, more notably the countercyclical policies, since 2004 as a toolkit for ensuring financial stability though it had used them sporadically even earlier. RBI's experinces in implementing macro prudential policies in India. [Address at the Eleventh Annual International Seminar on Policy Challenges for the Financial Sector on “Seeing both the Forest and the Trees- Supervising Systemic Risk†co-hosted by The Board of Governors of the Federal Reserve System, The International Monetary Fund, and The World Bank at Washington, D.C]. URL:[http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?Id=576].