August 26, 2023 1:50 PM

RBI Governor Shaktikanta Das asks NBFCs to strengthen governance standards & assurance mechanisms

Reserve Bank Governor Shaktikanta Das has asked non-banking financial companies (NBFCs), including housing finance companies, to strengthen governance standards and assurance mechanisms. The RBI Governor held a meeting with the MD & CEOs of select large Non-Banking Financial Companies (NBFCs), including Government NBFCs and Housing Finance Companies (HFCs) in Mumbai yesterday. These Entities constitute nearly 50 per cent of the total assets of all NBFCs including HFCs. The meeting was als...