The recent hyperactivity at both India’s banking regulator and the securities watchdog has caught the market by surprise. Commercial lenders have taken a rap for hiding their bad loans in private-credit funds. Investment banks are under the scanner for pushing initial public offerings past the finish line by funding mule accounts. A homegrown payments pioneer was told to shut down its bank.

Fintech firms in Bengaluru are complaining about regulatory overreach, as is the traditional finance industry in Mumbai. Even some overseas hedge funds are miffed at being asked to make onerous disclosures.

QOSHE - India’s Regulators Are Acting Tough to Restore Credibility - Andy Mukherjee
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India’s Regulators Are Acting Tough to Restore Credibility

5 1
20.03.2024

The recent hyperactivity at both India’s banking regulator and the securities watchdog has caught the market by surprise. Commercial lenders have taken a rap........

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