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In view of the recent stress in the Non-Banking Financial Compnies (NBFC) sector, it has become imperative to reexamine the suitability of regulatory approach, especially when failure of an extremely large NBFC can precipitate systemic risks, the RBI said today. The central bank has proposed a multiple layer structure to categorise NBFCs depending on their size and interconnectedness with the system. RBI stated that regulatory framework of NBFCs shall be based on a four-layered structure- Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer. Proposed regulatory fr...

Read more about RBI paper proposes new regulatory framework for NBFCs, 4-tier structure on Business Standard. The paper proposed a structure to categorise NBFCs, or shadow banks, depending on their size and interconnectedness with the system

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 large NBFC can precipitate systemic risks," the RBI said. Unbridled growth aided by less rigorous regula...

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  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 structure to categorise NBFCs depending on their size and interconnectedness with the system. NBFCs i...

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 ...