<h1>Deputy Governor Highlights Regulatory Reforms for NBFCs in India to Ensure Stability and Manage Systemic Risks.</h1> The Deputy Governor discussed the evolving regulatory framework for Non-Banking Financial Companies (NBFCs) at a summit in Mumbai. Post-2008 financial crisis, global attention on the non-banking financial sector has increased due to its potential systemic risks. The Financial Stability Board's 2015 report highlights the growth and risks of shadow banking, which now constitutes a significant portion of global financial assets. In India, NBFCs are regulated to ensure financial stability, with recent reforms focusing on systemic significance and risk management. The sector is poised for varied growth prospects across different segments, with ongoing regulatory adjustments to support economic development while mitigating risks.