S&P Global Ratings commends RBI's enhanced governance and transparency in India's financial sector.
S&P Global Ratings praised the Reserve Bank of India (RBI) for its serious commitment to improving governance and transparency in the country's financial sector. Recent measures by RBI, such as restrictions on lenders and new customer onboarding halts, signal a departure from historically minimal financial penalties for breaches. These actions contribute to a more robust and transparent financial system but may lead to increased compliance costs for the sector.
March 26, 2024
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