RBI Governor Das warns NBFCs about risky growth strategies and urges compliance.

RBI Governor Shaktikanta Das cautioned non-banking finance companies (NBFCs) against aggressive growth strategies lacking sustainable practices and risk management frameworks. He highlighted concerns about excessive returns on equity and urged NBFCs, including microfinance and housing finance firms, to adopt compliance-first cultures and fair practices. The RBI is closely monitoring the sector and will intervene if necessary to ensure financial stability.

October 09, 2024
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