On January 5, 2026, the Governor of the Reserve Bank of India met in Mumbai with the Managing Directors and Chief Executive Officers of select Non-Banking Financial Companies, including government NBFCs, Housing Finance Companies, and Microfinance Institutions. The participating institutions together account for approximately 53% of total NBFC sector assets, reflecting the systemic importance of the discussion.
The meeting formed part of the RBI’s ongoing engagement with regulated entities and followed a similar interaction held in February 2025. Industry representation included Self-Regulatory Organisations, Sa-Dhan, the Microfinance Institutions Network, and the Finance Industry Development Council.
In his opening remarks, the Governor emphasized the critical role of NBFCs and HFCs in credit intermediation, while underlining the need for robust underwriting standards, close monitoring of asset quality, and a strong focus on customer-centricity, ethical conduct, responsible lending, and timely grievance redressal. Participants also shared feedback on policy and operational issues affecting the NBFC sector, supporting its orderly and sustainable development.
