Vatsal Gaur Highlights RBI’s Firm Stance on Compliance in an Article published on Mint

Vatsal Gaur highlighted the Reserve Bank of India’s (RBI) rigorous new approach to regulatory enforcement. He stated, “By targeting some of the largest names in the industry, RBI is also setting a precedent that size does not grant immunity, promoting a culture of compliance across all financial entities.”

Vatsal’s observation emphasizes the RBI’s strategic shift towards more assertive regulatory measures. This change signifies that even the most prominent financial institutions are now held to the highest standards of accountability, reinforcing the principle that no entity is above the law.

Read more: https://www.livemint.com/industry/no-carrot-only-stick-why-the-rbi-has-gone-beyond-moral-suasion-and-fines-11716205304560.html