India's central bank plans to raise governance rules to strengthen the more...
FILE PHOTO: A security guard's reflection is seen next to the logo of the Reserve Bank Of India at the RBI headquarters in Mumbai, India, June 6, 2019. REUTERS/Francis Mascarenhas
The Reserve Bank of India will soon be setting new regulations regarding maximum exposure to a single borrower to reduce risks in the system, it said in a post-policy document on Thursday after it left its key interest rates unchanged. The RBI will also bring large urban co-operatives under the Central Repository of Information on Large Credits framework. This will require banks with assets of 5 billion rupees and more to report loan-related information to this database, helping regulators detect signs of debt stress and potential default.
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