The Reserve Bank Deputy Governor R Gandhi today said that the RBI is working towards harmonizing regulations for Non-Banking Financial Companies -NBFCs to reduce the number of categories in the sector. He was speaking at an event organised in Mumbai by the industry body CII. He said however that the central bank is aligned to the developmental needs of the economy and therefore will continue to approve of new kinds of NBFCs if the economy requires them.He also added that the RBI is actively studying the peer-to-peer lending arrangements that are slowly gaining traction. He said RBI, based on demand, is looking at revisiting the norms relating to core investment companies.