MUMBAI, Jan. 5 -- The Reserve Bank of India on Monday said governor Sanjay Malhotra met managing directors and chief executive officers of select non-banking financial companies (NBFCs), urging them to maintain sound underwriting standards and closely monitor asset quality. The meeting was part of the central bank's ongoing engagement with regulated entities.

Malhotra also held discussions with government-owned NBFCs, housing finance companies (HFCs), microfinance institutions, and representatives of self-regulatory organisations, including Sa-Dhan, the Micro Finance Institutions Network and the Finance Industry Development Council. Together, the participating entities account for about 53% of total NBFC sector assets.

In his opening re...