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In an address to heads of assurance functions of non-bank finance companies at an RBI-organised conference on Wednesday, Swaminathan also warned against over-reliance on algorithms for taking lending calls.
He also went public with the RBI's disappointment at the tendency of "misguided or intelligent interpretation" of rules to "circumvent regulations" and termed this as a "significant threat" to the financial system's integrity. The career commercial banker-tuned-regulator also flagged the risk limits for certain products or segments like unsecured lending are "way too high" to be sustainable in the long run.
هذه القصة مأخوذة من طبعة Delhi 17 May 2024 من Millennium Post Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة Delhi 17 May 2024 من Millennium Post Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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Deadly fighting rocked Gaza on Wednesday as US top diplomat Antony Blinken on a Middle East tour pushed for an elusive truce and hostage release deal to end the war raging since October 7.
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RSS has become irrelevant, what point of speaking out now: Cong on Bhagwat's remarks
The opposition party’s assertion came after Bhagwat’s remarks on a host of issues, including on the Manipur violence and the just-concluded Lok Sabha polls
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IAF played vital role in 2024 LS polls, flew more than 1,000 hours in over 1,750 sorties
The Indian Air Force on Wednesday shared details about the helping hand it lent to the electoral machinery in the conduct of the Lok Sabha polls
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NDA govt at Centre crippled, Oppn dealt fatal blow to BJP: Rahul Gandhi
Congress leader Rahul Gandhi on Wednesday said that the BJP-NDA government at the Centre was a “crippled” one as the opposition dealt a fatal blow to the saffron party in the 2024 Lok Sabha polls.
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63 cases of use of unfair means, but no paper leak: NTA officials
Sixty-three cases of students using unfair means were reported in NEET-UG out of whom 23 have been debarred for varying periods, NTA officials said Wednesday, but reiterated there has been no paper leak and the sanctity of the medical entrance exam hasn’t been compromised.
Teams to inspect major pipelines in city to ensure no leakage
Minister Atishi has made it clear that water leakage will not be tolerated
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Delhi villages to see development works worth Rs 900 crore
In a bid to accelerate the development of villages in Delhi, the Delhi government has announced a significant allocation of approximately Rs 900 crore.