Will facilitate better understanding of intra/inter-group deals, exposures
The Reserve Bank of India, on Thursday, said it will make concerted efforts in 2019-20 to further strengthen each of the four supervisory pillars – onsite supervision, offsite surveillance, market intelligence, and submission of annual reports by statutory auditors – of non-banking finance companies (NBFCs).
This move comes in the backdrop of debt defaults by large NBFCs such as IL&FS and DHFL, and its ripple impact on banks.
In its latest annual report, the RBI said inspection of all regulated entities (banks/ NBFCs) will be conducted together to facilitate a better understanding of intra/intergroup transactions and exposures, and to obtain a holistic view of an NBFC which has other NBFCs/ banks in the same group.
The concept of Senior Supervisory Manager, as the central point of contact for a single large NBFC/group of NBFCs, will be implemented for focussed attention on large entities/groups.
Bu hikaye The Hindu Business Line dergisinin August 30, 2019 sayısından alınmıştır.
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Bu hikaye The Hindu Business Line dergisinin August 30, 2019 sayısından alınmıştır.
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