Page 5 - Upper Layer News Today

RBI proposes revised regulatory framework for NBFCs ANI | Updated: Jan 22, 2021 17:20 IST In a discussion paper it has proposed a multiple layer structure to categorise NBFCs depending on their size and inter-connectedness with the system. The central bank has called for feedback on it. "In view of the recent stress in the sector, it has become imperative to re-examine the suitability of this regulatory approach, especially when failure of an extremely larg...

RBI Discussion Paper Suggests Bank-Like Regulation For Top 25-30 NBFCs Jan 23 2021, 7:57 AM January 22 2021, 5:31 PM January 23 2021, 7:57 AM The Reserve Bank of India is suggesting an overhaul of regulations governing the country’s large and wide-ranging non-bank lending segment. The largest 25-30 non-banking finance companies will be subjected to bank-like regulation and capital requirements.The recommendations come after a period of turbulence for non-banking financial companies. In Nov...

Updated Jan 22, 2021 | 17:27 IST The discussion paper has proposed a multiple layer structure to categorise NBFCs depending on their size and interconnectedness with the system. RBI discussion paper proposes multiple layer structure to categorise NBFCs&nbsp New Delhi: Reserve Bank of India on Friday (January 22) released a discussion paper on the revised regulatory framework for Non-Banking Financial Companies (NBFCs). The discussion paper has proposed a multiple layer s...

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 sa...

Large NBFCs like Bajaj Finance, Mahindra Finance face stiff, bank-like rules The new regulations call for a new approach to regulatory framework. The RBI has said that large NBFCs based on balance sheet size or business model (riskier business) would be put in an upper layer which will have a new regulatory supervisory framework Anand Adhikari | January 23, 2021 | Updated 00:07 IST Representative Image Faced with failure of IL&FS and Dewan Housing, which threatened the stability of the financi...