The Department of Financial Services (DFS) will meet today to discuss the Reserve Bank of India’s (RBI) recommendations on the Non-Banking Financial Companies (NBFCs) sector. A key item on the agenda is the introduction of a comprehensive reform index for NBFCs. In its annual report for FY24-25, the RBI mentioned said as a part of its ongoing efforts to strengthen systemic resilience, the Financial Stability Department (FSD) has introduced a non-banking stability map and index to assess better evolving risk factors affecting the stability of the NBFC sector.