Explaining RBI’s Raft of Deregulations

In its boldest liberalization push in years, the RBI has announced 22 deregulatory measures in a single day, the highest in its modern history. Among other things, banks can now finance corporate takeovers, investors can pledge more equity for credit, and companies can borrow up to a billion dollars abroad without prior approval. The central bank isn’t cutting interest rates, it’s cutting red tape. But as the guardrails come off, critical questions arise. What’s driving this hyper-liberal shift under Governor Sanjay Malhotra? Is this a decisive step to deepen capital markets and attract dollars or does it sow the seeds of new financial risks? And how ready is the banking sector to take on these new risks? Host Anirban Chowdhury sits down with ET’s Associate Editor Sugata Ghosh to decode the strategy, the stakes, and the risks behind RBI’s most aggressive financial deregulation drive in years.

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You can follow Sugata Ghosh on his Linkedin, Twitter profiles and read her Newspaper Articles.

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