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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

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

The Reserve Bank of India has released a list of fifteen NBFCs that fall under the "upper layer" in the scale-based regulation for the financial year 2024. LIC Housing Finance Limited, Bajaj Finance Limited, and Shriram Finance Limited are among the top-ranking companies on the list.

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.

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

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of aa- of Top Layer Reinsurance Ltd. . The outlook of these Credit Ratings is stable. The...

The ratings also reflect its parental support from State Farm

The Quebec Ministry of the Environment has ordered a company in Kanesatake, in the Lower Laurentians, to stop backfilling and depositing residual materials and contaminated soil on its land.

This chocolate cake is perfect for celebrations!

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