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RBI To Enhance Monitoring Of Shadow Banks: Shaktikanta Das

The RBI, which is now a regulator of the housing finance companies, also eased liquidity ratio rules for banks to encourage refinancing for shadow lenders.However, the Reserve Bank has resisted.

Reserve Bank of india governor shaktikanta das said the central bank would closely monitor the health of non-banking financial companies (NBFCs) and it would not hesitate to take corrective measures, if needed, to address issues in the shadow banking sector.

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The Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank is closely monitoring the activity, performance and developments of the Non-banking Financial Companies (NBFCs) and will not hesitate to take any steps required to maintain the financial stability of the country.

Das said as part of initiatives to enhance supervision of NBFCs, the central bank is putting in place a system to ensure regular interaction with all stakeholders in the shadow banking value chain.

RBI To Enhance Monitoring Of shadow banks: shaktikanta das The comment comes at a time when there are fears that India may be facing a crisis in shadow banking sector after shares of DHFL plunged.

The RBI’s press conference today (June 6) was dominated by concerns over Dewan Housing Finance, a major non-bank firm that saw its credit rating downgraded to “default” this week. The firm’s share price was down around 16% today, and broader bank stocks also fell sharply amid fears of contagion. Governor Shaktikanta Das said the

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 · The central bank was closely monitoring and scrutinising the top 50 NBFCs, and had a good Bank lending to non-bank firms set to gather pace: Shaktikanta Das to Business Standard Home

Reserve Bank of India Governor Shaktikanta Das said the central bank would closely monitor the health of non-banking financial companies and it would not hesitate to take corrective measures, if needed, to address issues in the shadow banking sector.

Governor Shaktikanta Das says the RBI will increase its monitoring of NBFCs and issue final liquidity risk management rules for the sector "soon".The RBI (Reserve Bank of India) will step up its m RBI to Step Up Monitoring of Shadow Banking Sector