NBFCs can fix more conservative limits," RBI said in its revised regulatory framework for non-banking financial companies (NBFCs). This includes standalone primary dealers, infrastructure debt fund - non-banking financial companies (IDF-NBFCs), core investment companies (CICs), housing finance companies and infrastructure finance companies (NBFC-IFCs). The upper layer will comprise NBFCs that the RBI specifically identifies as warranting enhanced regulatory requirements based on a set of parameters and scoring methodology. Such NBFCs shall move to the top layer from the upper layer. RBI has also raised the net-owned funds’ requirement for these NBFCs to ₹10 crore from ₹2 crore.

Source: Mint October 23, 2021 03:00 UTC