No carrot, only stick: Why the RBI has gone beyond moral suasion and fines In recent times, the RBI has imposed several stringent measures against banks and NBFCs to ensure compliance. By targeting some of the largest names in the industry—HDFC Bank, Kotak Mahindra Bank, JM Financial, Bajaj Finance, IIFL Finance, Paytm Payments Bank—the RBI is setting a precedent.
No carrot, only stick: Why the RBI has gone beyond moral suasion and fines
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