Answer-Under the RBI's Scale-Based Regulation (SBR) framework effective in 2026, which of the following NBF...

The Scale-Based Regulation SBR framework was implem ented by RBI from 2022, that categorizes NBFCs into four distinct layers based on their systemic importance, size and perceived level of risk. Base Layer Includes non-deposit taking NBFCs below 1,000 crore asset size. Middle Layer Includes all deposit-taking NBFCs regardless of size and non-deposit taking NBFCs with an asset size of 1,000 crore and above. Upper Layer Includes those NBFCs specifically identified by the RBI as warranting enhanced regulatory discipline based on a set of parametersscoring. Top Layer Stays empty unless the RBI believes a specific NBFC in the Upper Layer poses an extreme systemic risk.

Question

Under the RBI's Scale-Based Regulation (SB

R framework effective in 2026, which of the following NBFC layers includes "Systemically Important NBFCs" (with an asset size of ₹1,000 crore and above) and those that are permitted to accept public deposits?

A NBFC - Base Layer (NBFC-BL)

B NBFC - Middle Layer (NBFC-ML)

C NBFC - Upper Layer (NBFC-UL)

D NBFC - Top Layer (NBFC-TL)

E NBFC - Microfinance Layer (NBFC-MFL)