RBI Governor urges NBFCs to prioritize sound practices and join financial inclusion initiative.

RBI Governor Sanjay Malhotra met with leaders of major Non-Banking Financial Companies (NBFCs) to stress the importance of balancing growth with sound financial practices, customer protection, and financial stability. Malhotra urged NBFCs to join the RBI's Unified Lending Interface (ULI) to enhance financial inclusion. The NBFCs, which hold nearly 50% of the sector's assets, also discussed liquidity support and customer grievance mechanisms.

4 weeks ago
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