The RBI has overhauled its regulatory framework for non-banking financial companies (NBFCs), introducing a clearer asset-size-based criterion for identifying “upper layer” NBFCs. Entities with assets of ₹1 trillion or more will now fall under stricter oversight. The move replaces a subjective scoring system and brings government-owned NBFCs under tighter regulations. RBI aims to strengthen governance, disclosure, capital discipline and risk management as large NBFCs gain greater systemic importance.
Please click here to read the full article by Nand Gopal Anand, Partner; and Harshit Dusad, Partner, published in Mint.
Nand is a Partner in the Gurugram office of the firm. He specialises in Banking & Finance, with specific focus on general lending, external commercial borrowings, overseas direct investments, project finance, trade finance, shipping finance and real estate finance related transactions.