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Evergreening concerns: RBI puts business restrictions on Edelweiss ARC, ECL Finance
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Reserve Bank of India (RBI) | Reserve Bank of India bars Kotak Mahindra Bank from acquiring new customers through online and mobile banking channels
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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.
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