Question
On Oct 2022, RBI included how many non-banking finance
companies (NBFCs) in the “upper layer” under the scale-based regulatory framework?Solution
The Reserve Bank of India (RBI) released a list of large non-banking finance companies (NBFCs) who have been put in the “upper layer” under the scale-based regulatory framework. It includes Tata Sons, the holding company of the Tata Group alongwith almost all large NBFCs, including Bajaj Finance, LIC Housing Finance, Shriram Transport Finance, L&T Finance, Piramal Capital & Housing Finance, PNB Housing Finance, Tata Capital, Aditya Birla Finance, HDB Financial Services and Mahindra and Mahindra Financial Services.
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