In a speech delivered at an event organised by the Confederation of Indian Industries (CII), Rao also cautioned NBFCs against peer-to-peer (P2P) lending practices, which are not in line with regulatory guidelines.
"NBFC-P2Ps have been observed to underplay the risks through various means such as promising high/assured returns, structuring the transactions, providing anytime fund recall facilities, etc. Let me make it clear that any breach of licencing conditions and regulatory guidelines is non-acceptable," he added.
Rao said NBFCs should focus on maintaining the quality of their loan portfolio.
هذه القصة مأخوذة من طبعة February 10, 2024 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February 10, 2024 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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