Thus, RBI deviated from the Greenspan Orthodoxy, and used prudential measures to safeguard the banking system from any fallout of asset price bubbles and busts. Development of institutional framework for ensuring financial stability 38. Apart from being the banking regulator, the RBI has responsibility for regulating nonbanking financial companies – both deposit taking and non-deposit taking.
The cost of collateral is being addressed today by this study. Ladies and Gentlemen: Kenyan banks have persistently cited cost of collateral as contributing a significant portion of premium factored in the interest rates they charge.