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.
from Banking/Finance-Industry-Economic Times https://ift.tt/9HNWjL6
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