MUMBAI: Reserve Financial institution of India governor Sanjay Malhotra on Monday urged non-banking monetary corporations (NBFCs) and housing finance corporations (HFCs) to strengthen underwriting requirements and uphold customer-centric practices to make sure sustainable progress and confidence within the sector. Governor conveyed this message at assembly with managing administrators and chief govt officers of choose NBFCs, HFCs and microfinance establishments in Mumbai. The assembly, the primary such interplay with NBFCs since February 2025, included government-owned NBFCs and establishments that collectively account for about 53% of the sector’s property. Business our bodies corresponding to Sa-Dhan, the Micro Finance Establishments Community and the Finance Business Improvement Council had been additionally represented.
