Wednesday , January 8 2025

Business

RBI warns NBFCs adopting bad business practices

Mumbai: RBI Governor Shaktikanta Das has warned of strict action against non-banking financial companies (NBFCs) adopting lean methods for growth. Impractical development methods may prove counterproductive. Announcing a bi-monthly review of monetary policy, the Governor has asked NBFCs to adopt appropriate and sustainable policies. Acknowledging that the NBFC sector has …

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