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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)

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.

Get latest articles and stories on Latest News at LatestLY. With normalisation of monetary policy, Non-Banking Financial Companies (NBFCs) need to be careful of the rise in their borrowing cost, says an RBI article. Latest News | As Monetary Policy Normalises, NBFCs Need to Be Wary of Rising Borrowing Costs: RBI Article.

Another challenge is to build upon strong governance and risk management standards to gain stakeholder confidence, say authors