RBI Guv Shaktikanta Das rules out asset quality review of NBFCs

RBI governor Shaktikant Das has ruled out ordering an asset quality review of the large NBFCs but he reiterated the regulatory resolve to not let any large NBFC fail.  He was addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci in Mumbai today. He said at the moment there is no such proposal to have an asset quality review on NBFC but also added that 500odd NBFCs and HFCs are closely being monitored by the apex bank and the monitori...