The central bank is closely monitoring the developments in the NBFC sector and housing finance companies and will ensure that financial stability is maintained, governor Shaktikanta Das said Thursday.
The comments come following the bond defaults by mortgage lender DHFL on June 4, which led to a slew of rating downgrades of the company. The stock lost more than 20 percent Thursday.
"We have been closely monitoring the performance and developments in the NBFC and HFC sectors," Das told reporters during the customary post-RBI policy conference.
Stating that the central bank is committed to have a robust NBFC sector, Das said, "the RBI will not hesitate to take any measure to ensure financial stability in the sector."