Govt mulling more policy action for NBFCs, regulatory changes for markets

This comes after Finance Minister Nirmala Sitharaman interacted with country's top regulators at FSDX meeting on Thursday

The Narendra Modi government is considering additional policy measures for non-banking financial companies, and regulatory changes to ensure the stability of the financial system, Business Standard has learnt. This comes after Finance Minister Nirmala Sitharaman interacted with the country’s top regulators at a meeting of the Financial Stability and Development Council on Thursday.

Those present at the video-conference meeting included Reserve Bank of India Governor Shaktikanta Das and Securities and Exchange Board of India Chairman Ajay Tyagi.

Informed sources said that a substantial part of the meeting was focussed on the continuing volatility in the securities markets, and the liquidity