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RBI to come out with paper on regulatory framework for lenders in MFI space February 05, 2021 × The Reserve Bank of India (RBI) on Friday said it would come out with a consultative document “harmonising the regulatory frameworks for various regulated lenders in the microfinance space” in March 2021. In its statement on Developmental and Regulatory Policies, the central bank said there is a need to review the regulatory framework for Non-Banking Financial Company - Micro Finance Institutions (NBFC-MFIs) given the constantly evolving milieu in the financial sector. The RBI had recently r...

Discussion Paper on Revised Regulatory Framework for NBFCs: A Scale Based Approach The Non-Banking Finance Company space has attracted the Reserve Bank of India's (RBI) gaze, again, of late with the regulator releasing a statement and a discussion paper at different times in the space of the last 60 days. On December 4 2020, the RBI in a statement 1 on developmental and regulatory policies, set out the need for regulation and supervision over NBFC (Non-Banking Financial Companies). A Discussion Paper 2 on the same was published on January 22, 2021 inviting responses and suggestions by Februar...