Europe's ESMA wish to audit CCIL 'extra jurisdictional', will never agree to the demand: RBI DG

RBI Deputy Governor T Rabi Sankar stated India will not yield to the European Securities and Markets Authority's (ESMA) request to audit the Clearing Corporation of India (CCIL). Sankar deemed ESMA's demand as an overreach of jurisdiction, emphasizing India's firm stance against compromising its policymaking sovereignty.