Revised Feb 12 circular will be issued in three-four days: Shaktikanta Das

Accommodative stance means that a rate increase is off the table, says the RBI Guv

After this fiscal year’s second bi-monthly monetary policy committee (MPC) meeting, Reserve Bank of India Governor Shaktikanta Das spoke to the media on its change of stance, non-banking finance companies (NBFCs), liquidity and the transmission of interest rates. Edited excerpts: 

Is the RBI considering any special measures, given that a housing finance company has defaulted? 

We are monitoring major NBFCs and HFCs and the sector. So far as the RBI is concerned, we remain committed to ensure that we have a robust, well-functioning NBFC sector. The RBI will not hesitate to take steps required to ensure that financial stability