RBI should not hesitate to offer greater regulatory forbearance: SS Mundra

by Yash Shah

Former Deputy Governor SS Mundra said that the Reserve Bank of India (RBI) should not hesitate to offer greater regulatory forbearance if the financial system needs it. Mundra suggested that RBI would do well to infuse liquidity directly into the non-banking finance companies (NBFCs) and engage more with lenders across the spectrum to arrest the worsening credit cycle.

References
1. https://economictimes.indiatimes.com/news/economy/policy/rbi-should-not-hesitate-to-offer-greater-regulatory-forbearance-if-need-be-ss-mundra/articleshow/78127670.cms