Reinforcing Trust in Non-Banking Financial Companies: RBI’s Regulatory Focus in 2023-24

Reinforcing Trust in Non-Banking Financial Companies: RBI’s Regulatory Focus in 2023-24.

The Reserve Bank of India (RBI) has outlined its plans to strengthen the regulations governing non-banking financial companies (NBFCs) during the fiscal year 2023-24.

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The RBI’s annual report highlights the central bank’s commitment to enhancing the oversight and supervision of NBFCs.

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The RBI has been gradually tightening its regulatory grip on NBFCs.

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