RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das

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The RBI recently intensified its regulatory scrutiny of NBFCs, directing four prominent firms to temporarily stop issuing new loans.

It is preceded by months of bilateral interactions with the agencies," Das said.

Das reiterated that these steps were not "abrupt or arbitrary" but instead based on careful, case-by-case evaluation.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Non-banking financial companies Consumer protection India banking Shaktikanta Das Cease and desist directive Regulatory action RBI NBFCs Fair lending Business Standard BFSI Insight Summit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 11:28:57 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23442806

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