Brief: India Cenbank Releases List Of NBFCs In Upper Layer Under Scale Based Regulation

Sammaan Capital

30/09/2022 13:00

Sept 30 (Reuters) - RESERVE BANK OF INDIA:
    * INDIA CENBANK RELEASES LIST OF NBFCS IN THE UPPER LAYER
UNDER
SCALE BASED REGULATION FOR NBFCS
    * RBI: BOARD OF ALL TOP LAYER NBFCS SHALL ENSURE
STIPULATIONS
PRESCRIBED ARE ADHERED TO WITHIN A MAX 2 YRS
    * RBI: LIC HOUSING FINANCE, BAJAJ FINANCE, SHRIRAM TRANSPORT
FINANCE AMONG THOSE IDENTIFIED AS NBFCS IN THE UPPER LAYER
    * RBI: NBFCS SHOULD PUT IN PLACE BOARD APPROVED POLICY FOR
ADOPTION OF ENHANCED REGULATORY FRAMEWORK APPLICABLE
    * RBI: HDFC LTD NOT BEING INCLUDED IN LIST OF NBFCS IN UPPER
LAYER
AS CURRENTLY UNDER REVIEW DUE TO ONGOING MERGER PROCESS
    * RBI: NBFCS SHOULD CHART OUT IMPLEMENTATION PLAN FOR
ADHERING TO
NEW SET OF REGULATIONS WITHIN THREE MONTHS
    * RBI: TATA SONS, L&T FINANCE, INDIABULLS HOUSING FINANCE,
CHOLAMANDALAM INVESTMENT AND  FINANCE ARE NBFCS IN UPPER LAYER
    * RBI: SHANGHVI FINANCE, MAHINDRA & MAHINDRA FINANCIAL
SERVICES,
PNB HOUSING FINANCE, TATA CAPITAL FINANCIAL SERVICES ARE NBFCS
IN UPPER LAYER
    * RBI: ADITYA BIRLA FINANCE, HDB FINANCIAL SERVICES, MUTHOOT
FINANCE, BAJAJ HOUSING FINANCE ARE NBFCS IN UPPER LAYER

Source text: https://bityl.co/Envm
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