While differential regulation in the shadow banking sector is justified till the time the scale of operations of finance companies is low, as and when they attain size and complexity that poses a risk to the financial system as a whole, it becomes very important to increase regulatory oversight over the sector, said Reserve Bank of India’s (RBI) Deputy Governor M Rajeshwar Rao.
“...it is in this background that we have conceptualised the scale-based regulatory
“...it is in this background that we have conceptualised the scale-based regulatory