After the storm: The Hindu Editorial on tightening scrutiny of large NBFCs
The RBI’s plan to tighten scrutiny of large NBFCs is critical for financial stability The RBI has proposed a significant shift in its regulatory approach towards India’s non-banking financial companies (NBFCs), from a general approach of light touch regulation to one that monitors larger players almost as closely as it does banks. If implemented, this could be the biggest overhaul of the regulatory framework for such finance companies (or shadow banks) in over two decades. After multitudes of investors were left high and dry as CRB group firms reneged on high-interest fixed deposits in 1...
Source: thehindu.com