The Governor of the Reserve Bank of India (RBI) on January 5, 2026, held a meeting in Mumbai with the Managing Directors and Chief Executive Officers of select Non-Banking Financial Companies (NBFCs), including government-owned NBFCs, Housing Finance Companies (HFCs) and Microfinance Institutions, as part of the central bank’s ongoing engagement with regulated entities. The RBI had last held a similar interaction with NBFCs on February 13, 2025.

The participating entities together account for around 53 per cent of total NBFC sector assets. Industry representation included Self-Regulatory Organisations such as Sa-Dhan, the Micro Finance Institutions Network (MFIN) and the Finance Industry Development Council (FIDC).

The meeting was attended by RBI Deputy Governors T. Rabi Sankar, Swaminathan J., Poonam Gupta and S. C. Murmu, along with the Managing Director and CEO of the National Housing Bank, and other senior RBI officials.

In his opening remarks, the Governor underscored the important role played by NBFCs and HFCs in facilitating credit flow in the economy. He emphasised the need for robust underwriting standards, close monitoring of asset quality, and highlighted the importance of customer-centricity, ethical conduct and responsible lending practices. The Governor also stressed the need for prompt grievance redressal to maintain confidence in the sector and support its orderly and sustainable growth.

During the interaction, participants shared feedback on policy-related issues and operational challenges faced by the NBFC sector.