RBI’s regulatory failure created IL&FS mess, says Arvind Subramanian

Terming the IL&FS crisis as a regulatory failure, former chief economic advisor to finance minister Arvind Subramanian has said the Reserve Bank should be held responsible for the crisis at one of the largest entities it has been regulating.

from The Financial ExpressEconomy – The Financial Express https://ift.tt/2SiJZoA