RBI to Meet NBFC Chiefs Amid Credit Growth Concerns

The Reserve Bank of India (RBI) is going to meet with the leaders of some non-banking finance companies (NBFCs).

This is because NBFCs are growing faster than banks in giving out loans, and they are also borrowing more money from outside.

The RBI is worried about this because it could cause problems if the value of money changes a lot.

They also want to make sure that banks are being careful because they are lending more to these NBFCs.

The RBI governor has already warned banks to be vigilant, even though the banking sector is doing better this year.

Meanwhile, Small Finance Banks (SFBs) are also growing, with some reporting over 20% growth in loans and deposits, but they are facing some challenges in the microfinance segment.