.................Simultaneously, the RBI should work on a stronger supervisory mechanism for the sector and put in place an elaborate system for capturing and analysing data from all the NBFCs, the sources said. The RBI should also look at bringing out size-wise uniform accounting norms and financials reporting rules for different categories of NBFCs, they added. The ministry is holding a meeting on Monday — on the issues arising out of the RBI’s new draft norms — with top industry representatives and the Finance Industry Development Council, which is a self-regulatory organisation formed by NBFCs registered with the RBI............
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