RBI Governor Warns NBFCs On Unsustainable Growth Approach
Follow ‘compliance first’ culture: RBI governor Shaktikanta Das sends out a stern message to NBFCs
The governor elaborated that a few NBFCs may be aggressively chasing growth without building sustainable business practises and risk management frameworks commensurate scale, and complexities of their portfolios.
RBI governor Shaktikanta Das warns NBFCs on ‘aggressive growth’
RBI Governor Shaktikanta Das cautioned NBFCs against pursuing 'growth at any cost,' which is intensifying retail credit growth concerns. He noted that driven by significant capital from investors, some NBFCs chase excessive returns,
NBFCs warned against ‘growth at any cost’ approach
Some NBFCs are aggressively pursuing growth without building up sustainable business practices and risk management frameworks, said the governor.
Few NBFCs aggressively chasing growth without building sustainable business practices: RBI Governor Das
RBI Governor warns NBFCs against aggressive growth, emphasizing sustainable practices and risk management to avoid financial instability.
Some NBFCs not pursuing strong underwriting for high growth: RBI Governor
Governor Shaktikanta Das said banks and NBFCs need to carefully assess their exposures in unsecured loan areas, both in terms of quality and size.
Das warns NBFCs against pursuing unsustainable practices to push growth
RBI Governor Shaktikanta Das on Wednesday warned of action against those non-banking financial companies (NBFCs) who are pursuing unsustainable practices to push growth. In a strongly-worded statement while announcing the bi-monthly policy review,
Compliance first! RBI Governor warns NBFCs against 'growth at any cost' approach
RBI Governor Shaktikanta Das warned NBFCs against charging usurious interest rates, unreasonably high processing fees and frivolous penalties.
RBI’s Das warns NBFCs against growing aggressively at any cost
RBI Governor warns NBFCs against aggressive growth, emphasizing sustainable practices and risk management to avoid financial instability.
RBI Governor Shaktikanta Das warns NBFCs of 'growth-at-any-cost' approach
Some non-banking finance companies (NBFCs) are aggressively pursuing growth and chasing excessive returns on equity, which could pose financial stability risks, the Reserve Bank of India ( RBI ) Governor said on Wednesday.
RBI Governor has a message for NBFCs pursuing 'growth-at-any-cost': Will take action if...
While making the Monetary Policy Committee (MPC) announcements, RBI Governor Shaktikanta Das pointed out that while the overall NBFC sector remains healthy, there are a few outliers adopting a “growth-at-any-cost” approach.
RBI warns NBFCs about jeopardizing financial stability while chasing growth at all costs
Mumbai: Reserve Bank of India governor Shaktikanta Das issued a strong warning to non-banks, particularly microfinance institutions and housing finance companies, for aggressively chasing “growth at any cost” that could pose a risk to the economy’s financial stability.
Mint Quick Edit | RBI has served NBFCs a timely warning
On Wednesday, RBI governor Shaktikanta Das asked non-banking financial companies to mend their ways. Rightly so. Too many ...
Das asks NBFCs to follow ‘compliance first’ culture
The Reserve Bank; which has been repeatedly flagging bad practices at NBFCs, MFIs and gold loan companies in the past; on ...
Banks, NBFCs need to give attention to inoperative, mule accounts, cybersecurity: RBI governor
The RBI Governor also said that the health parameters of banks and NBFCs continue to be strong but highlighted some concerns ...
RBI cautioned NBFCs for incentives and targets for loans, warned action
Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees. RBI Governor Shaktikanta Das, while ...
Why Aniruddha Sarkar is betting on NBFCs over traditional banks?
We saw the first kind of the green shoots over there wherein the textile companies, they mentioned that demand is seen ...