Chennai, Dec 7 (TIWN) The India of today is vastly different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.

He also hoped for an early resolution on the issue of derecognition of six Indian clearing houses by the European Securities and Markets Authority (ESMA).

Responding to media queries on the subject, the Governor said the RBI is hopeful for a resolution soon.

He said India is different from what it was earlier and its regulations are stringent, adding that other regulators should trust the credibility of the Indian regulations.

According to RBI Deputy Governor T. Rabi Sankar, discussions are on with the other parties to solve the issue.