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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. ....
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 ....
RBI showing serious commitment to improve governance, transparency in finance cos, banks:S&P devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
India's Securities and Exchange Board (SEBI) has uncovered a significant discrepancy exceeding 20 billion rupees ($241.36 million) in the accounts of Zee Entertainment Enterprises, according to the Bloomberg sources. SEBI had previously accused Zee Group's founders, Chairman Subhash Chandra and CEO Puneet Goenka, of actively diverting company funds to other listed entities., Companies News, Times Now ....