Closely monitor asset quality, RBI Governor tells NBFC chiefs
The Hindu
Reserve Bank of India (RBI) Governor Sanjay Malhotra, during his meeting with Managing Directors & Chief Executive Officers of select Non-Banking Finance Companies (NBFCs) on Monday, underlined the need for sound underwriting standards and close monitoring of asset quality by the sector.

The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.












