Brightly coloured pharmaceutical medication. (Photographer: Chris Ratcliffe/Bloomberg)
In the last 24 months, the Reserve Bank of India has come up with at least eight regulations impacting non-banking financial companies. The likely triggers for the volley of regulations are the IL&FS and DHFL fiascos. The benefits of some of the regulations, particularly those that will reduce constraints on NBFC funding access, are palpable. Regulations such as the implementation of Indian Accounting Standards, liquidity coverage ra...