Shaktikanta Das On RBI's Corrective Measures
"RBI's actions against certain entities is not a punishment, it is a corrective measure. We conduct on-site and off-site supervision of entities we regulate. Supervision has been developed and used to its best. We are maintaining an eagle's eye on the entities. When we find a deficiency, we alert the entities and ask for a clear roadmap. Our expectation is that they address the deficiency in time. Our action comes after the entities have been given time to address the issues. Supervisory restrictions prioritise depositor and consumer interest," says RBI Governor Shaktikanta Das.
