These regulations specified the entities that were permitted to lend, transparent loan and pricing norms and fairness in treating customers. 13. In this context, an unexpected regulatory challenge has been what one might characterize as compliance-aversion. Financial entities traditionally subject to regulation understand that regulation serves the larger objective of systemic stability and development.
And third, I will share insights on where we see the domestic economy is headed post pandemic. First, macroeconomic updates… At this point, I can report that the worst is over. While we’re not out of the woods yet, there has been progress as the economy gradually opens up from the strict lockdown in March to June to less stringent quarantine measures.