Evergreening concerns: RBI puts business restrictions on Edelweiss ARC, ECL Finance indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.
Reserve Bank of India (RBI) | Reserve Bank of India bars Kotak Mahindra Bank from acquiring new customers through online and mobile banking channels telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
Why is the RBI harsh on Paytm Payments Bank?
Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it s a long investigation process, but the RBI doesn t discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
RBI Governor Shaktikanta Das emphasizes the responsibility of financial institutions in handling public funds. Recent actions against entities like Paytm, IIFL Finance, and JM Financial highlight regulatory scrutiny. S&P lauds RBI s governance efforts but warns of higher capital costs due to stringent measures. Regulatory focus intensifies on compliance, customer protection, and risk mitigation.
In the post-global financial crisis period, Indian banks let loose their purse strings carelessly, pushing credit to anyone who knocked on their doors, thus creating a major asset quality challenge for the Indian central bank to manage in the following years