Upper Layer NBFC List By RBI : Reserve Bank of India has released the list of upper layer NBFCs on Thursday. This list has been released under scale based regulation for NBFCs.
Companies are included in NBFC Top Layer and Upper Layer based on their assets and scoring method. 15 NBFCs have been included in this list. LIC Housing Finance Limited is at number one. Bajaj Finance has been named at second place and Shriram Finance Limited has been named at third place.
The framework was created in 2021
Let us tell you that on October 22, 2021, the Central Bank had issued a revised framework (scale based regulation) for Non-Finance Banking Corporation. Under this, NBFCs are divided into 4 layers
base layer, middle layer, upper layer and top layer. Once an NBFC is included in the Upper Layer list, it is subject to the regulatory requirement to remain in the Layer classification for a minimum of five years. It does not matter whether the company is meeting the requirements or not.
This Tata company is out of the list, Central Bank gave the reason
RBI said that despite being identified as per the scoring method, TMF Business Services Limited has been kept out of the list. The decision not to include it in the list has been written after reviewing the current business restructuring.
