Some economic indicators showing signs of stabilisation, but recovery not ‘fully entrenched’: RBI Governor

Some economic indicators showing signs of stabilisation, but recovery not ‘fully entrenched’: RBI Governor

So, on the one hand, RBI had to take care of the protection of depositors’ interest and the need to maintain financial stability of the banking sector. "With regard to NBFCs, RBI all these years followed a light-touch regulation policy. The regulatory policies of Reserve Bank were much more stringent in the case of the commercial banks, whereas in case of NBFCs, we had a concept of light-touch regulation, but then we had the unfortunate incident of the IL&FS crisis and the crisis which was created in the entire NBFC segment", Das said.

Read more at 
The Financial Express

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