RBI Ka Naya Plan: Leadership Rotation Ka Scene Kya Hai?
RBI ne ab soch-vichaar shuru kar diya hai ki jo 'upper layer' wali NBFCs hain – matlab jo bahut badi aur systemically important hain – unke liye leadership rotation ka rule layein. Ye bilkul waisa hi hoga jaise banks ke liye pehle se hai. Banks mein, public sector MDs ko maximum 10 saal aur private sector MDs ko 15 saal ke liye tenure milta hai. RBI chahta hai ki NBFCs mein bhi aisa hi ho taaki koi ek banda lambe time tak power mein na bane rahe aur governance aur transparency badhe.
Kya Isse NBFCs Ko Fayda Hoga Ya Nuksan?
Dekho, RBI ka intention toh sahi hai. Isse ek tarah se control rahega aur fraud ke chances kam honge. Lekin iska dusra pehlu bhi hai. Jab leaders baar baar change honge, toh jo experience aur knowledge unke paas hoti hai, woh company kho sakti hai. Aur jo long-term plans chal rahi hain, woh bhi beech mein atak sakti hain. Jaise, Bajaj Finance jaisi company jiska P/E ratio aajkal 32-35 ke aas paas hai, ya LIC Housing Finance jiska P/E 5-6 ke aas paas hai, in sab pe iska impact pad sakta hai.
Past Ka Lesson Aur Future Ki Planning
Pehle jo NBFC sector mein badi badi girawat aayi thi, jaise IL&FS aur DHFL ka case, uske baad RBI ab aur zyada strict ho raha hai. Ye jo naya rule hai, ye governance ko mazboot karne ke liye hai. Ab dekhte hain ki RBI ise kaise implement karta hai. Kya woh experience ko value dega, ya sirf rules follow karwayega? Iska final impact toh time hi batayega.