RBI to beef up supervision of NBFCs to maintain financial stability: Das

Financial sector governance reforms top RBI agenda

The Reserve Bank of India (RBI) was keeping a close vigil on non-banking financial companies (NBFC) and would not hesitate to step in with more measures if needed, Governor Shaktikanta Das said on Saturday.  

Speaking at the 15th convocation of the National Institute of Bank Management (NIBM), Pune, Das said the conventional approach to the regulation and supervision of NBFCs had been ‘light-touch’ so that they could complement banks, but in the light of recent developments, there was a case for having a fresh look at their regulation and supervision. “It is our endeavour to have an optimal level of regulation