RBI Governor Sanjay Malhotra
| Photo Credit:
PTI/KUNAL PATIL
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday called on non-bank lenders to adopt sound underwriting standards and close monitoring of asset quality in meeting with heads of non-banking financial companies (NBFCs).
The Governor stressed on the criticality of customer-centricity, ethical conduct and responsible lending along with prompt grievance redressal for preserving confidence in the sector and supporting its orderly and sustainable development.
“As part of the Reserve Bank’s ongoing engagement with regulated entities, the Governor, Reserve Bank of India, today held a meeting in Mumbai with the Managing Directors and Chief Executive Officers (MDs & CEOs) of select NBFCs, including Government NBFCs, Housing Finance Companies (HFCs) and Microfinance Institutions,” the RBI said. The Reserve Bank had last held a similar meeting with NBFCs on February 13, 2025.
The participating entities together account for about 53 per cent of NBFC sector assets. Industry participation included the representatives of self-regulatory organisations, Sa-Dhan, the Micro Finance Institutions Network and the Finance Industry Development Council.
The meeting was also attended by Deputy Governors T Rabi Sankar, Swaminathan J, Poonam Gupta and SC Murmu, and the MD & CEO of the National Housing Bank, apart from other senior officers of the Reserve Bank.
Published on January 5, 2026
