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The recent measures by the RBI will curtail lenders over-exuberance, enhance compliance culture, and safeguard customers, but the drawback will be higher capital costs for institutions. ....
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S&P Global Ratings highlights the Reserve Bank of India s (RBI) commitment to enhancing governance and transparency in India s financial sector. The RBI s recent measures aim to mitigate lenders exuberance, improve compliance, and protect consumers, albeit at the expense of higher capital costs for institutions. Regulatory actions include curbing lending activities and stringent penalties for breaches, signaling a departure from nominal penalties. ....
RBI's measures include restraining IIFL Finance Ltd and JM Financial Products Ltd from disbursing gold loans and loans against shares, respectively, and asking Paytm Payments Bank Ltd (PPBL) to stop onboarding of new customers ....