Moneyboxx Finance reports strong turnaround in profitability in FY24 orissadiary.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissadiary.com Daily Mail and Mail on Sunday newspapers.
Regulating NBFCs: RBI proposes bank-like norms for the top 30
January 22, 2021
Suggests four-layer pyramid structure, with progressive levels of regulation
The Reserve Bank of India (RBI) plans to usher in a four-layered regulatory and supervisory framework for non-banking finance NBFCs as it embarks on the path of a scale-based regulation in the backdrop of the recent stress in the sector.
In its discussion paper on “Revised Regulatory Framework for NBFCs a Scale-Based Approach”, RBI said its proposed framework could be visualised as a pyramid, comprising NBFCs grouped in four layers Base Layer (BL), Middle Layer (ML), Upper Layer (UL) and a possible Top Layer (TL).