RBI Governor urges NBFCs to adhere to fair practices code
Banking Frontiers|November 2024
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
RBI Governor urges NBFCs to adhere to fair practices code

Speaking during the Monetary Policy announcement, the Governor highlighted that while the health parameters of both banks and NBFCs remain strong, there are emerging concerns in specific unsecured loan segments, including loans for consumption, microfinance, and credit card outstandings. The RBI is actively monitoring these areas and is prepared to take necessary measures if needed.

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