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Strengthen board-level controls: RBI
Financial Express Kolkata
|April 11, 2025
THE NBFCs MUST step up oversight of liquidity and credit risks while strengthening board-level controls, Reserve Bank of India deputy governor Swaminathan J, said, warning that weak governance could amplify vulnerabilities during market stress or liquidity shocks.
"Asset-liability mismatches, nature and tenor of the funding sources, and concentration risks all need board-level oversight which should be ably supported by robust internal controls," Swaminathan said at a conference of NBFCs on March 28. The copy of the speech was uploaded on the central bank's website on Thursday.
This story is from the April 11, 2025 edition of Financial Express Kolkata.
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