Question
According to RBI norms, within how many years must an
upper-layer NBFC list its shares on a recognized stock exchange?Solution
As per RBI regulations, once a Non-Banking Financial Company (NBFC) is classified as an upper-layer NBFC, it is required to list its shares on a recognized stock exchange within three years. Axis Finance, which is set to be classified as such, will need to comply with this mandatory listing norm.
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