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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 February 22,
2021.
NBFCs are regulated in India on the principle of
proportionality: calibrated regulatory measures that are ....

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