Financial watchdogs to soon put time limits for key decisions

"We want them to put time limits on settlement of each kind of regulatory application...It's not a statutory deadline, but it is a target. Regulators can decide the time limit and then publish it," said one of the officials, who did not wish to be identified. The official said there cannot be a situation where a regulator does not decide on an application endlessly.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/financial-watchdogs-to-soon-put-time-limits-for-key-decisions/articleshow/97627859.cms