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LIC Housing, Bajaj Finance, Shriram Finance, 12 Other NBFCs to Comply with Enhanced Regulatory Requirements: RBI

Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company

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Reserve Bank says 15 large NBFCs to comply with enhanced regulatory requirements

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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15 large NBFCs to comply with enhanced regulatory norms

Reserve Bank of India on Thursday said 15 large NBFCs, including LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, will be subject to enhanced regulatory requirements. The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL). A list of 15 large Non Banking Finance Companies (NBFCs) falling in the Upper Layer category has been released.

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RBI says 15 large NBFCs to comply with enhanced regulatory requirements

The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL)

Tata motors financeMahindra financial servicesFinancial servicesNon banking finance companies nbfcsTata capital financial servicesBusiness services ltdReserve bankBajaj financeShriram financeTata sonsBase layerMiddle layerUpper layerTop layerNon banking finance companiesPiramal capital

Reserve Bank says 15 large NBFCs to comply with enhanced regulatory requirements

Reserve Bank says 15 large NBFCs to comply with enhanced regulatory requirements
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