<h1>RBI Deputy Governor Highlights New Scale-Based Regulatory Framework for NBFCs to Boost Financial Inclusion and Economic Growth.</h1> The Deputy Governor of the Reserve Bank of India discussed the evolving role of Non-Banking Financial Companies (NBFCs) in India's financial system. He emphasized the importance of NBFCs in reaching underserved populations and their potential to drive economic growth. A new scale-based regulatory framework was introduced, categorizing NBFCs into four layers based on size and risk, allowing for tailored regulation. The Deputy Governor highlighted the need for responsible financial innovation, accountable conduct, and strong governance within NBFCs. He concluded by stressing the importance of customer-centric practices and the sector's pivotal point for future growth.