Finance
Mr. ManagerRBI's Game-Changing Move: NBFCs Set to Dominate Assets!
Hold onto your wallets, folks! The Reserve Bank of India is shaking things up! Proposed changes to the scale-based regulatory framework could catapult upper-layer NBFCs from a mere 30% to a jaw-dropping 70% of total assets! With 19 contenders in the ring, including government-backed heavyweights, will they rise to glory or face a financial smackdown? The stakes have never been higher!
few days ago | Anupreksha Jain
Quick rundown
1.RBI's new framework could double NBFC asset coverage.
2.Upper Layer NBFCs may rise from 15 to 19.
3.Simplified asset-size threshold proposed at Rs 1 trillion.
4.Government-owned NBFCs to join Upper Layer.
5.Greater clarity needed on asset threshold specifics.
