DFS Secretary Chairs Crucial Meeting with NBFCs

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DFS Secretary M Nagaraju Chairs Key Meeting with NBFCs on Growth, KYC

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News18•12-03-2026, 21:00

DFS Secretary M Nagaraju Chairs Key Meeting with NBFCs on Growth, KYC

•DFS Secretary M Nagaraju chaired a meeting with major non-banking financial companies (NBFCs) on March 12 in New Delhi.
•The engagement aimed to foster an open exchange of ideas and find solutions for issues faced by NBFCs.
•Representatives from RBI, DoR, and UIDAI also participated in detailed discussions during the meeting.
•Nagaraju emphasized that NBFCs must be robust, vibrant, and financially sound to cater to underserved and new-to-credit customers.
•He advised holding a workshop with UIDAI and NPCI to educate NBFCs on the effective use of KYC.

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