India, Jan. 6 -- Reserve Bank Governor Sanjay Malhotra on Monday underlined the need for sound underwriting standards and close monitoring of asset quality at a meeting with senior officials of select non-banking financial Companies (NBFCs) here.

As part of the Reserve Bank's ongoing engage-ment with regulated entities, the Governor held a meeting with the managing directors and chief executive officers (MDs and CEOs) of select NBFCs, including Government NBFCs, housing finance companies (HFCs) and microfinance institutions.

In his opening remarks, the Governor highlighted the important role of NBFCs and HFCs in facilitating credit flow. He underlined the need for sound underwriting standards and close monitoring of asset quality, the R...