Finance
Mr. BillionhairSanjay Malhotra: Rules Should Be Light, Customers First Always!
Listen up, folks! RBI's own Sanjay Malhotra is here to say: no more heavy-handed rules unless absolutely necessary! We’re talking about a fantastic partnership between regulators and businesses. Digital fraud? It's a total disaster! Protecting customers is the name of the game! Enforcement? Last resort, folks! Let’s keep it classy and effective, believe me!
few days ago | Manojit Saha
Quick rundown
1.RBI emphasizes collaboration over confrontation with regulated entities.
2.Regulated entities should focus on understanding regulatory expectations.
3.Digital innovation should align with fair consumer outcomes.
4.Guardrails are essential to prevent opaque pricing and fraud.
5.Supervision should encourage self-correction and resilience.
