R Gandhi: NBFCs – medium term prospects Speech by Mr R Gandhi, Deputy Governor of the Reserve Bank of India, at the 1st NonBanking Financial Companies (NBFCs) Summit, organized by the Confederation of Indian Industry, Mumbai, 21 December 2015. *  *  *  Assistance provided by Shri C D Srinivasan and Shri Anuj Sharma is gratefully acknowledged. 1.
Need to rethink also policies and policy frameworks The conference will conclude with a panel discussion on macro-prudential policies. Key questions in this area include the translation of systemic risk analysis into concrete policy actions and the related challenge of developing a well-functioning macro-prudential policy toolkit.