Mumbai, Feb. 13 -- RBI Governor Sanjay Malhotra on Thursday held a meeting with the Managing Directors and CEOs of select Non-Banking Financial Companies (NBFCs) across all layers, including Government NBFCs, Housing Finance Companies and Micro-Finance Institutions and stressed upon balancing growth aspirations with sound practices for ensuring inclusive development, customer protection and financial stability.
These NBFCs constitute nearly 50 percent of the total assets of the NBFC sector. Representatives from Self-Regulatory Organizations (SROs), Sa-Dhan and Micro Finance Institutions Network (MFIN), as well as from Finance Industry Development Council (FIDC) also participated in the meeting.
The meeting was a part of the Reserve Bank's...