RBI GOVERNOR MEETS NBFC LEADERS

Reserve Bank Governor Sanjay Malhotra met senior executives of major non-banking financial companies (NBFCs) on Monday to discuss key issues facing the sector, stressing the need for strong lending standards and close monitoring of loan quality.

The meeting was attended by heads of government-owned NBFCs, housing finance companies and microfinance institutions, which account for more than half of India’s NBFC sector by assets.

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