New guidelines have been issued for resolution of stressed assets, which will sustain the improvements in credit culture. 16. In the non-banking sector, the Reserve Bank has recently come out with draft guidelines for a robust liquidity framework for the NBFCs. We are also giving a fresh look at their regulatory and supervisory framework.
It is our endeavour to have an optimal level of regulation and supervision so that the NBFC sector is financially resilient and robust. The Reserve Bank will continue to monitor the activity and performance of this sector with a focus on major entities and their interlinkages with other sectors. The Reserve Bank will not hesitate to take any required steps to maintain financial stability.