RBI’s new NBFC draft: PSUs with Rs 1 lakh crore assets set for ‘upper layer’ status; Tata Sons listing in focus – Markets
The Reserve Bank of India (RBI) proposed a significant overhaul of the criteria implemented to identify upper layer non-banking finance companies (NBFCs), shifting towards a straightforward asset-size-based approach instead of the previous parametric system and inclusion of state-run entities. According to the draft ‘Reserve Bank of India (Non-Banking Financial Companies’ Registration, Exemptions and Framework for…
