<h1>RBI Deputy Governor Discusses NBFC Sector Growth, Regulatory Evolution, and Financial Stability Amid Recent Challenges.</h1> The Deputy Governor of the Reserve Bank of India addressed the challenges and regulatory evolution in the Non-Banking Financial Companies (NBFC) sector. He highlighted the sector's growth, its critical role in financial intermediation, and the need for prudent regulation due to recent financial instabilities. The RBI has implemented significant regulatory changes, including ownership-neutral regulations, liquidity risk management frameworks, and oversight of fintech innovations. The focus is on maintaining financial stability while allowing NBFCs flexibility. The RBI emphasizes a proportional regulatory approach, ensuring consumer protection, and promoting good governance in the sector.