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The RBI circular dated October 22, 2021, directed that NBFC-UL should be mandatorily listed within 3 years of identification as NBFC-UL. The central bank classified Tata Sons as an “upper layer” NBFC in 2022.
This move marks the Bajaj Group's return to the public market after many years. The Board will meet on April 24 to address listing requirements.
On September 30, 2022, the RBI released a list of 16 NBFCs categorised as 'upper layer' under the regulator's scale-based rules for non-bank lenders. These entities are required to be listed within three years of identification
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.
Get latest articles and stories on Latest News at LatestLY. The Reserve Bank on Friday categorised 16 big non-banking financial companies, including LIC Housing Finance and Bajaj Finance, as upper-layer NBFCs that will be subject to an enhanced regulatory framework. Latest News | RBI Categorises 16 Large Financial Entities as Upper-layer NBFCs.