New Delhi, March 28 -- In view of increased exposure by the Non-Banking Financial Companies (NBFCs) in the financial sector, the Reserve Bank of India (RBI) on Friday met chief executives and regulatory heads of these institutions and asked them to maintain the "audit rigour" and adhere to highest standards of objectivity, transparency and ethics.
The RBI held a Conference for the large-sized NBFCs. Chairpersons of the Audit Committee of the Board (ACB), MD & CEOs and the Statutory Auditors of the NBFCs attended the Conference, the RBI said in a statement.
Acknowledging the important role that is being played by NBFCs in the financial ecosystem and the role of Chairpersons of the ACB and Statutory Auditors in ensuring the integrity of fin...