Ministry of Finance press release · 12 March 2026 · pibtracker filter

Secretary, DFS chairs meeting with Non-Banking Financial Companies (NBFCs) to discuss targeted points pertaining to the sector

PRID2239207 MinistryMinistry of Finance Released12 March 2026 Reading7 min

Meeting emphasises on reaching a solution on issues being faced by NBFCs through stakeholder consultation Posted On: 12 MAR 2026 8:17PM by PIB Delhi Shri M Nagaraju, Secretary, DFS, Ministry of Finance chaired a meeting with major Non-Banking Financial Companies (NBFCs) in New Delhi today. The meeting was attended by the representatives/ Chief Executives/senior officials of NBFCs, Self-Regulatory Bodies for NBFCs i.e. Finance Industry Development Council (FIDC), Microfinance Institutions Network (MFIN) and SaDhan. The meeting was also attended by the senior officials from the Reserve Bank of India (RBI), Department of Revenue (DoR), Unique Identification Authority of India (UIDAI) and DFS. The engagement with NBFCs was designed to foster an open exchange of ideas on targeted points. Detailed discussion with representatives from RBI, DoR and UIDAI on issues concerning their area of operation was deliberated upon. The emphasis was on reaching to a solution on issues being faced by NBFCs through stakeholder consultation. Participating NBFCs shared their concerns and solutions for the same were discussed with RBI, DoR & UIDAI. Secretary, DFS emphasised that NBFCs need to be more robust, vibrant and financially sound, catering to the needs of underserved and new to credit customers. He further advised to hold a workshop with UIDAI and NPCI to educate NBFCs on the use of KYC effectively. SROs for NBFCs were requested to work out a framework on reforms to be implemented for NBFCs to strengthen the sector. The continuing engagement on NBFC matters with all stakeholders facilitates resolution of their issues and further strengthens them to meet credit needs of the economy. ***** NB/AD (Release ID: 2239207) Visitor Counter : 3267 Read this release in: Urdu , हिन्दी , Gujarati , Tamil Ministry of Finance Secretary, DFS chairs meeting with Non-Banking Financial Companies (NBFCs) to discuss targeted points pertaining to the sector Meeting emphasises on reaching a solution on issues being faced by NBFCs through stakeholder consultation Posted On: 12 MAR 2026 8:17PM by PIB Delhi Shri M Nagaraju, Secretary, DFS, Ministry of Finance chaired a meeting with major Non-Banking Financial Companies (NBFCs) in New Delhi today. The meeting was attended by the representatives/ Chief Executives/senior officials of NBFCs, Self-Regulatory Bodies for NBFCs i.e. Finance Industry Development Council (FIDC), Microfinance Institutions Network (MFIN) and SaDhan. The meeting was also attended by the senior officials from the Reserve Bank of India (RBI), Department of Revenue (DoR), Unique Identification Authority of India (UIDAI) and DFS. The engagement with NBFCs was designed to foster an open exchange of ideas on targeted points. Detailed discussion with representatives from RBI, DoR and UIDAI on issues concerning their area of operation was deliberated upon. The emphasis was on reaching to a solution on issues being faced by NBFCs through stakeholder consultation. Participating NBFCs shared their concerns and solutions for the same were discussed with RBI, DoR & UIDAI. Secretary, DFS emphasised that NBFCs need to be more robust, vibrant and financially sound, catering to the needs of underserved and new to credit customers. He further advised to hold a workshop with UIDAI and NPCI to educate NBFCs on the use of KYC effectively. SROs for NBFCs were requested to work out a framework on reforms to be implemented for NBFCs to strengthen the sector. The continuing engagement on NBFC matters with all stakeholders facilitates resolution of their issues and further strengthens them to meet credit needs of the economy. ***** NB/AD (Release ID: 2239207) Meeting emphasises on reaching a solution on issues being faced by NBFCs through stakeholder consultation " /> Shri M Nagaraju, Secretary, DFS, Ministry of Finance chaired a meeting with major Non-Banking Financial Companies (NBFCs) in New Delhi today. The meeting was attended by the representatives/ Chief Executives/senior officials of NBFCs, Self-Regulatory Bodies for NBFCs i.e. Finance Industry Development Council (FIDC), Microfinance Institutions Network (MFIN) and SaDhan. The meeting was also attended by the senior officials from the Reserve Bank of India (RBI), Department of Revenue (DoR), Unique Identification Authority of India (UIDAI) and DFS. <img src="https://static.pib.gov.in/WriteReadData/userfiles/image/image0017O1B.jpg" style="height:386px; width:515px" /> <img src="https://static.pib.gov.in/WriteReadData/userfiles/image/image002JEB0.jpg" style="height:380px; width:507px" /> The engagement with NBFCs was designed to foster an open exchange of ideas on targeted points. Detailed discussion with representatives from RBI, DoR and UIDAI on issues concerning their area of operation was deliberated upon. The emphasis was on reaching to a solution on issues being faced by NBFCs through stakeholder consultation. Participating NBFCs shared their concerns and solutions for the same were discussed with RBI, DoR & UIDAI. Secretary, DFS emphasised that NBFCs need to be more robust, vibrant and financially sound, catering to the needs of underserved and new to credit customers. He further advised to hold a workshop with UIDAI and NPCI to educate NBFCs on the use of KYC effectively. SROs for NBFCs were requested to work out a framework on reforms to be implemented for NBFCs to strengthen the sector. The continuing engagement on NBFC matters with all stakeholders facilitates resolution of their issues and further strengthens them to meet credit needs of the economy. ***** NB/AD " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); var isPlaying = false; function playAudio() { mPlayer.play(); isPlaying = true; document.getElementById('stopA').style.display = "block"; document.getElementById('playA').style.display = "none"; } function pauseAudio() { mPlayer.pause(); isPlaying = false; document.getElementById('playA').style.display = "block"; document.getElementById('stopA').style.display = "none"; } //function HandleAudio() { // if (isPlaying == true) { // //Playing already Pause it // pauseAudio(); // } else { // //Play the music // playAudio(); // } //} var synth = window.speechSynthesis; function CleanHtml(html) { html = html.replace(/ /gi, ''); return html; } function stripHtml(html) { let tmp = document.createElement("DIV"); 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font-weight: 600 !important; } } /* === Film Roll Badge Styling(IFFI2025 countdown) === */ .film-roll-badge { position: absolute; top:82%; right: 20px; width: 230px; height: 70px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 18px, #6e2b8b 18px, #6e2b8b 36px ); border-top: 8px solid #9a2375; border-bottom: 8px solid #9a2375; border-radius: 8px; overflow: hidden; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.4); animation: moveFilm 8s linear infinite; z-index: 10; } /* film sprocket holes */ .film-roll-badge::before, .film-roll-badge::after { content: ""; position: absolute; width: 100%; height: 10px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 10px, #fff 10px, #fff 20px ); left: 0; z-index: 2; } .film-roll-badge::before { top: -4px; } .film-roll-badge::after { bottom: -4px; } .film-roll-inner { position: relative; height: 100%; display: flex; align-items: center; justify-content: center; animation: flicker 2s infinite ease-in-out; } .countdown-text { font-size: 1.3rem; font-weight: 700; color: #fff; text-shadow: 0 0 6px rgba(255, 255, 255, 0.4), 0 0 10px #000; white-space: nowrap; } /* === Animations === */ @keyframes moveFilm { 0% { background-position: 0 0; } 100% { background-position: 120px 0; } } @keyframes flicker { 0%, 100% { opacity: 1; } 50% { opacity: 0.9; } 25% { opacity: 0.95; } 75% { opacity: 0.85; } } /* === Responsive Adjustments === */ @media (max-width: 1500px) { .film-roll-badge { top: 68%; right: 18px; /* width: 220px; */ height: 65px; font-size: 0.85rem; } .press-section { margin-top: 35px; } } @media (max-width: 992px) { .film-roll-badge { top: 52%; right: 10px; width: 200px; height: 60px; } } @media (max-width: 768px) { .film-roll-badge { top: 56%; right: 10px; width: 124px; height: 55px; } .countdown-text { font-size: 0.9rem; } } @media (max-width: 576px) { .film-roll-badge { top: 59%; right: 5px; /* width: 160px; */ height: 50px; } .countdown-text { font-size: 0.85rem; } } const festivalStart = new Date("2025-11-20T00:00:00").getTime(); const festivalEnd = new Date("2025-11-28T23:59:59").getTime(); const countdownElement = document.getElementById("countdown"); const interval = setInterval(() => { const now = new Date().getTime(); // BEFORE FESTIVAL — show days + hours left if (now = festivalStart && now el.style.width = "350px"); clearInterval(interval); } }, 1000); //

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Secretary, DFS chairs meeting with Non-Banking Financial Companies (NBFCs) to discuss targeted points pertaining to the sector

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