"We Aren't Police...": RBI Chief Day After 4 Firms Banned From Giving Loans
NDTV
The RBI governor's remark came a day after the central bank directed Sachin Bansal's Navi Finserv and three other NBFCs to cease and desist from sanctioning and disbursing loans effective from the close of business of October 21.
Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.
The RBI governor's remark came a day after the central bank directed Sachin Bansal's Navi Finserv and three other NBFCs to cease and desist from sanctioning and disbursing loans effective from the close of business of October 21 on material supervisory concerns, including usurious pricing.
"No...we are not policemen. We are watching. We are watching very closely. We maintain vigil over the credit markets and...when it becomes necessary, we take action," he said at the India Credit Forum hosted by Bloomberg.
The MVA had only been given a (very) slim chance of upsetting the in-power BJP-led alliance's applecart in this election; only one of 11 exit polls studied by NDTV believed it can win.
The first phase saw voting in 43 constituencies, while the second phase saw 38 seats up for grabs. Chief Minister Hemant Soren's Jharkhand Mukti Morcha (JMM), leading the ruling INDIA alliance, faces a fierce challenge from the BJP-led NDA.
Assembly Election Results 2024: Maharashtra's 288 voted Wednesday in a single phase, and an average of 11 exit polls gives the ruling Mahayuti 155 seats.
Bypoll Assembly Election Results 2024 Live: Bypolls were held on 48 assembly seats in 14 states including Uttar Pradesh, Madhya Pradesh, Punjab and West Bengal.
During the event, Prime Minister Narendra Modi was honoured (in absentia) with the Dr Martin Luther King Jr Global Peace Award for Minority Upliftment.
The DMK MPs held a meeting today to discuss what they called the BJP-led Centre's betrayal of the state and its people
Meanwhile, Kamlochan Kashyap, DIG South Bastar said a joint operation has been planned after getting information about the movement of a group of Maoists in the area.
It happened around 11 am when a youth from Sevdha village came on a motorcycle to the Indian Oil petrol pump in Dulhapur village and asked for a refill worth Rs 100, Superintendent of Police Brijesh Kumar Srivastava said.
The new findings can help develop diagnostic tools for the deadly infection, declared a global health emergency twice by the World Health Organization (WHO) in the last three years.
The gruesome crime was reported from Subramanyapura police station limits of the city, and the police are investigating the father and mother, hailing from Jharkhand, as the couple are blaming each other for murdering the children.
The remarks were made by the Delhi High Court against an additional district and sessions judge.