India non-bank lenders must watch underwriting, concentration risks: RBI deputy governor – Times of India
[ad_1] MUMBAI: India’s non-banking financial companies (NBFCs) should be mindful of their underwriting practices and risks emerging from lending concentrated in one segment, a top central bank official said on Friday. “In pursuance of high growth, there seems to be tendency among the NBFCs to get the customers on board with oversimplified underwriting processes,” Reserve…