‘RBI not police’: Governor Shaktikanta Das on action against financial market

RBI governor Shaktikanta Das emphasized the central bank’s vigilant monitoring of financial markets, asserting it acts decisively rather than as a watchdog. Addressing the India Credit Forum, Das noted RBI’s recent directive halting loans from Navi Finserv and three other NBFCs due to supervisory concerns. He also assured that India’s growth remains strong, with inflation moderating within target range.