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RBI discussion paper proposes four-tier structure for NBFC regulations

Paper has also sought to raise net-owned funds required for new NBFCs from Rs 2 cr to Rs 20 cr. Timeline of five years for existing NBFCs to adhere to new norms

Topics
Reserve Bank of India | NBFCs | shadow banking

Subrata Panda  |  Mumbai 



Governor Shaktikanta Das has pledged to stay accommodative well into 2021 as he tries to dig the economy out of an unprecedented technical recession
A host of parameters such as size, leverage, interconnectedness, substitutability, complexity, nature of activity of the NBFC, etc. will be considered to identify such NBFCs who can be shifted to the top layer

The (RBI) on Friday proposed to introduce a scale-based regulatory framework for non-banking financial companies (NBFC) to segregate larger entities and expose them to a stricter set of “bank-like” rules. This is aimed at protecting financial stability while ensuring that smaller continue to enjoy light-touch regulations and grow with ease.

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First Published: Fri, January 22 2021. 17:48 IST

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