RBI adapting to ‘increasingly complex web’ of non-banks
Deputy governor highlights “significant change” to RBI’s regulatory approach
The Reserve Bank of India has been adapting its regulatory approach as non-bank financial companies (NBFCs) become more interconnected, deputy governor Rajeshwar Rao said on November 6.
“The regulatory approach of the reserve bank has adapted to the increase in complexity of the entities within the NBFC sector as well as the growing significance of NBFCs within the financial sector,” Rao told an online summit.
The most significant regulatory change was the RBI’s new responsibility for
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