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RBI plans to tighten grip on non-bank lending segment

RBI plans to tighten grip on non-bank lending segment
Overhaul of regulations follow period of turbulence
Bank-like norms will regulate top-30 NBFCs
Four-layered supervisory framework mooted
Companies will be categorised into four
Base layer will have NBFCs with asset size of up to Rs 1,000 crore
Deposit taking NBFCs, HFCs and intra debt funds will form middle layer
Upper layer will have 25 to 30 systemically significant NBFCs
Top layer will include companies having systemic risk

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