RBI's plan to regulate penalties levied by banks will hurt their revenues: Morgan Stanley

RBI's plan to regulate penalties levied by banks will hurt their revenues: Morgan Stanley

FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo

The Reserve Bank of India‘s (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders’ revenues going forward, Morgan Stanley said.