Reserve Bank of India’s new sweeping powers (Livemint)

Stricter oversight of non-bank lenders should have been instituted earlier. But now that the central bank is being given charge of them, there is no guarantee this will prove enough It always takes a crisis in India to correct what is egregiously wrong and should have been rectified in the normal course of governance. Corrective…

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Updated: July 10, 2019 — 1:51 PM