๐ฆ RBI Governor on Evolving Financial Rules
The RBI Governor stated that the institution is adopting a hybrid approach in its regulatory framework. This shift involves moving progressively towards principle-based regulation across the sector. Specifically, the Governor mentioned this evolving strategy during recent discussions. This change reflects a broader trend towards modernizing financial oversight mechanisms. The RBI will continue to refine these principles in the coming fiscal period. ๐ฆ