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    RBI may soon announce new governance, exposure code for NBFCs: report

    RBI may soon announce new governance, exposure code for NBFCs: report

    RBI may soon announce new governance, exposure code for NBFCs: report
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    By CNBC-TV18  IST (Published)

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    The Reserve Bank of India (RBI) is setting up a new code for non-banking financial companies (NBFCs), Business Standard reported.

    The Reserve Bank of India (RBI) is setting up a new code for non-banking financial companies (NBFCs), Business Standard reported.
    The new code envisages curbs on the licensing and businesses of financial units, equality in CEOs salary structure with that of the CEOs in private banks and a gradual shift to the risk-based supervision (RBS) system, said the report citing sources.
    The measures will be rolled out once RBI Governor Shaktikanta Das is done with the departmental presentations, as per the report.
    The guidelines for bank-led NBFCs will largely be discretionary and there is no policy yet, even though no new licence applications have been taken into account by the regulator in the last four years, sources told the newspaper.
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