<ul data-eligibleForWebStory="false"><li>Department of Financial Services Secretary, M Nagaraju, encourages NBFCs to uphold fair and ethical lending practices amidst mounting operational and regulatory challenges.</li><li>The government is actively engaging with stakeholders to address risks and challenges in the NBFC sector, including funding reliance on banks, liquidity issues, and taxation complexities.</li><li>DFS is committed to working on sustainable solutions by discussing challenges, opportunities, and innovations within the NBFC ecosystem with relevant authorities.</li><li>Nagaraju advises NBFCs to consider consolidation, strengthen balance sheets, invest in capacity building, and implement global best practices in governance and risk management.</li></ul>

DFS Flags Key Challenges for NBFCs, Urges Fair Lending Practices

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