About 275 systemically important non-bank lenders, which would include entities from the Shriram Group and the Bajaj twins, will face tighter central bank scrutiny, particularly on their interlinkages with commercial banks, as Mint Road seeks to ensure greater stability in India’s credit landscape. Together, these NBFCs account for 85% of the total assets in the sector, and are at the forefront of ensuring last-mile credit to Indians buying television sets, air conditioners, home gadgets, or cars. NBFCs constitute around 12% of the total assets in the banking and non-banking space. 
The Reserve Bank of India (RBI) will make concerted efforts this year to strengthen supervision of NBFCs. As part of the process, RBI will conduct an on-site examination and off-site surveillance, and examine market intelligence and annual certificates received from statutory auditors.