RBI Conference of Large Non-Banking Financial Companies

The Reserve Bank held a Conference for the large-sized Non-Banking Financial Companies (NBFCs) on March 28, 2025, in Chennai. The theme of the Conference was ‘Shared Vision, Shared Responsibility: Strengthening the NBFCs’.

Deputy Governor emphasised that risk-taking must be prudent and well planned, and never beyond the risk absorption capacity of the entity concerned. Deputy Governor exhorted the NBFCs to proactively adopt fairness in lending and recovery supported by a robust grievance redress mechanism. He also conveyed expectations from auditors on maintaining the audit rigour and adhering to the highest standards of objectivity, transparency and ethics.