INSUBCONTINENT EXCLUSIVE:
Reserve Bank is closely monitoring the incoming information and will take measures, Das said
(Photo: Shutterstock)2 min read Last Updated Oct 09 2024 | 12:07 PM IST
Some non-banking financial companies (NBFCs) are chasing "growth
at any cost" without sustainable business practices and robust risk management, said Reserve Bank of India (RBI) Governor Shaktikanta Das on
finance companies (HFCs) among NBFCs are chasing excessive returns on their equity, driven by their capital strength and under pressure from
business targets drive retail credit growth rather than its actual demand
appropriate action, if necessary
individual exposures in these areas, both in terms of size and quality
Their underwriting standards and post-sanction monitoring have to be robust
Continued attention also needs to be given to potential risks from inoperative deposit accounts, cybersecurity landscape, mule accounts,
