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RBI governor calls for sound underwriting, close asset quality monitoring of NBFCs
Jan-06-2026

The Reserve Bank of India’s (RBI's) governor Sanjay Malhotra has emphasized the need for sound underwriting standards and close monitoring of asset quality of non-banking financial Companies (NBFCs) in a meeting held with top official of NBFCs. Further, he has highlighted the important role of NBFCs and Housing Finance Companies (HFCs) in facilitating credit flow.

He also pointed out the criticality of customer-centricity, ethical conduct and responsible lending along with prompt grievance redressal for preserving confidence in the sector and supporting its orderly and sustainable development.

As part of the RBI's ongoing engagement with regulated entities, the Governor held a meeting with the managing directors and chief executive officers (MDs and CEOs) of select NBFCs, including government NBFCs, HFCs and microfinance institutions.

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