RBI cautioned NBFCs for incentives and targets for loans, warned action

New Delhi [India], October 9 (ANI): The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.

RBI Governor Shaktikanta Das, while announcing the monetary policy on Wednesday, emphasized that such practices could negatively impact customer interests and lead to an unhealthy work culture.

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