An Insight into Fair Practices and Governance Code of NBFC - Part I

Welcome to an essential webinar in our series dedicated to Non-Banking Financial Companies (NBFCs): An Insight into Fair Practices and Governance Code of NBFC - Part I! 🏦 ethical-business

In the dynamic and evolving landscape of financial services, adherence to robust governance standards and fair practices is paramount for NBFCs. The Reserve Bank of India (RBI) mandates specific codes to ensure transparency, consumer protection, and sound management within the sector.

This "Part I" session will lay the crucial groundwork, providing you with a foundational understanding of the Fair Practices Code (FPC) and key aspects of the Governance Code that every NBFC must uphold.

In this webinar, our experts will delve into:

Introduction to NBFC Regulation: A brief overview of the regulatory framework for NBFCs in India.
Significance of Fair Practices Code (FPC): Understanding the objectives of the FPC and its importance for customer protection and ethical lending practices.
Key Principles of FPC - Part I: Detailed discussion on initial critical areas of the FPC, including:
Loan application and processing.
Loan appraisal and terms & conditions.
Disbursement of loans, including changes in terms.
Grievance Redressal Mechanism: Overview of how NBFCs are required to handle customer complaints under the FPC.
Introduction to Governance Code: Highlighting the necessity of strong internal governance for NBFCs.
Compliance Requirements: Discussing the essential compliance obligations arising from these codes.
Who should watch:

NBFC Directors & Senior Management
Compliance Officers of NBFCs
Legal Professionals advising NBFCs
Risk Management Professionals in NBFCs
Auditors working with NBFCs
Professionals aspiring to work in the NBFC sector
Anyone interested in financial sector regulation and governance.
Key takeaways:

Gain a clear understanding of the core tenets of the Fair Practices Code for NBFCs.
Learn about the initial stages of loan processing and disbursement under FPC guidelines.
Understand the importance of a robust grievance redressal system.
Build a foundational knowledge of governance expectations for NBFCs.
Don't miss the first part of this crucial series to ensure your NBFC operates with integrity and in full compliance with RBI guidelines!

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