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    Question

    Under the RBI’s scale-based regulation framework

    (2022), how many NBFCs currently fall under the upper layer category as per a recent (OCt 2025) release data by RBI?
    A 9 Correct Answer Incorrect Answer
    B 15 Correct Answer Incorrect Answer
    C 30 Correct Answer Incorrect Answer
    D 25 Correct Answer Incorrect Answer
    E 20 Correct Answer Incorrect Answer

    Solution

    Explanation: The RBI’s 2022 framework divides NBFCs into four layers — base, middle, upper, and top — depending on systemic importance. 15 major NBFCs , including Bajaj Finance, Tata Capital, Mahindra Finance, and Shriram Finance, are presently in the upper layer , which is subject to tighter regulation due to higher risk and interconnection with the financial system.

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