The Managing Director of Capri Global Capital Limited, Rajesh Sharma, mentioned that the Reserve Bank of India’s efforts to enhance economic growth and its proposed regulatory adjustments for non-banking financial companies (NBFCs) are anticipated to provide more resilience and clarity to the sector. Sharma emphasized that the RBI’s regulatory frameworks have historically promoted transparency and stability, with the proposed changes for NBFCs following this trend. He stated that such initiatives by the central bank aid in elevating compliance standards and bolstering sectoral growth.
Sharma highlighted the RBI’s consistent emphasis on economic expansion, noting that the upcoming framework is poised to reinforce growth momentum while ensuring improved regulatory supervision. In response to the recent Monetary Policy Committee (MPC) decision, Governor Sanjay Malhotra hinted at an impending revised classification system for NBFCs, aimed at enhancing regulatory clarity and oversight through categorization into upper, middle, and other layers.
Regarding the RBI’s directives on gold loans, Sharma explained that the guidelines are designed to promote responsible lending practices, incorporating stringent income assessments, a heightened focus on priority sector lending, and loan approvals linked to repayment. The overarching goal is to enhance credit accessibility for ordinary borrowers at reduced interest rates, thereby diminishing their dependence on high-rate informal moneylenders.
Sharma underscored the pivotal role of micro, small, and medium enterprises (MSMEs) in the economy, citing their substantial contribution to India’s exports and employment generation. He emphasized that lending to small businesses significantly fuels economic progress and remains a focal point for policymakers and financial entities. Additionally, Sharma noted that approximately 20% of Capri Global Capital’s assets under management (AUM) are directed towards SMEs, expressing optimism about the segment’s growth potential and the company’s anticipated sustained growth trajectory of 16–18% in the foreseeable future, largely supported by the SME portfolio.
