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    <title>Shared Vision, Shared Responsibility – Strenghtening NBFCs (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - March 28, 2025 - at the Conference of Non-Banking Financial Companies held at Chennai)</title>
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    <description>NBFC resilience requires elevated governance, disciplined management of liquidity, credit and concentration risks, and robust internal controls under board oversight. A non negotiable customer centric approach demands transparent pricing, fair recovery, and strong underwriting, driven by CEOs and boards. Strengthened assurance is essential: the Audit Committee must proactively monitor controls, track and enforce corrective actions, and maintain a whistleblower mechanism; Statutory auditors must apply technical, forensic and ethical scrutiny to complex transactions. Regulators should adopt a facilitative, proportionate and scale based supervisory framework to enable responsible innovation while preserving stability.</description>
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