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RBI rules: Adapted for deficient animal spirits
Mint Chennai
|October 27, 2025
The central bank’ regulatory relaxations of credit and openness to foreign risk capital in banking are pragmatic. Local investors are scarce. But for an economic boost, look elsewhere
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The Reserve Bank of India (RBI) is right to worry about both a slowdown in credit growth and weak animal spirits in the domestic market, represented by a marked reluctance to stump up risk capital.
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