RBI tells bigger NBFCs to appoint chief risk officer

The Reserve Bank of India has directed non-banking finance companies (NBFC) with assets size of over Rs 5000 crore to appoint a chief risk officer(CRO) to improve standards of their risk management. This directive comes at a time when NBFCs are facing a funding crisis as some of the firms are burdened with over-leveraging and… Continue reading RBI tells bigger NBFCs to appoint chief risk officer