RBI Governor confirms no system-wide issue with NBFCs, addresses FinTech regulation, and emphasizes governance.

RBI Governor Shaktikanta Das confirms that there's no system-wide issue with NBFCs following recent regulatory interventions, declaring them isolated cases. The RBI will release a framework for FinTech Self-Regulatory Organization and will take action against entities committing "egregious" violations. Das calls for banks and NBFCs to prioritize governance and adherence to guidelines as they handle public funds.