RBI plans PSU entry in upper-layer NBFCs
Mumbai: The Reserve Bank on Friday proposed changes in the criteria for identifying upper layer non-banking finance companies (NBFCs), pitching for an asset-size-based approach as against the earlier parametric system and inclusion of state-run entities. As per the draft 'Reserve Bank of India (Non-Banking Financial Companies' Registration, Exemptions and Framework for Scale Based Regulation) Second Amendment Directions, 2026', upper layer NBFCs will be those having assets of over Rs 1 lakh cror...
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