RBI is rebalancing shadow-banking regulation, Gandhi says

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Reserve Bank of India

The Reserve Bank of India (RBI) is in the process of readjusting the balance of shadow-banking regulation, deputy governor R Gandhi said today (December 21).

Addressing a summit in Mumbai, Gandhi said shadow-banking regulation in India had historically displayed a "developmental bias", with the central bank recognising the sector's value to the economy. More recently, however, risks in the sector have developed and its complexity increased, raising the need for a rethink, he said.

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