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    <title>Don&#039;t aggressively push loans, keep interest rates reasonable: FM to NBFCs</title>
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    <description>NBFCs must practice responsible lending: avoid aggressive loan marketing, keep interest rates reasonable, lend according to genuine customer need and repayment capacity, and ensure recovery follows RBI loan recovery norms and the Fair Practices Code with fairness and empathy. NBFCs are encouraged to enhance bank co-lending for priority sector credit, strengthen data-driven risk management, manage liquidity, credit and concentration risks through robust internal controls, pass on lower funding costs to customers, and pursue sustainable business models.</description>
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