New Delhi, Jan. 6 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday emphasised the need for supporting standards and close monitoring of asset quality during a meeting with the chief executive officers of non-banking finance companies (NBFCs).

The meeting was part of the RBI's ongoing engagement with regulated entities.

Overview of the NBFC Sector

The participating NBFCs together account for about 53 percent of the sector's total assets, the central bank said in a statement, reported by the Business Standard.

As of March 31, 2025, there were close to 9,000 NBFCs, including 15 in the upper layer, including four housing finance companies (HFCs), which accounted for 30.2 percent of total assets.

The 656 in the middle lay...