The RBI's framework overhaul simplifies the way ‘upper layer’ NBFCs are identified and also tightens the regulatory framework ...

BENGALURU, May 27 (Reuters) - Indian fintech firm MobiKwik (ONEM.NS), opens new tab is targeting a 50-billion-rupee ($522.5 million) loan book from its in-house non-banking financial company (NBFC) ...

Tata Sons was designated an upper-layer NBFC by the RBI in September 2022, mandating its listing within three years ...

MUMBAI, Jan 2 (Reuters) - An industry body for India's non-banking finance companies (NBFCs) has asked the government to create a refinance or liquidity facility to boost lending to priority sectors ...

The Reserve Bank of India (RBI) has released draft directions aimed at reviewing scale-based regulation framework for upper layer non-banking finance companies (NBFC). Under the draft amendments, ...

Any NBFC, which has an asset size of over Rs 1 lakh crore, will be considered as an upper layer NBFC now.

If you have been part of India’s NBFC journey over the last decade, the shift is impossible to miss. An industry once labelled as “shadow banking” - operating with limited data symmetry and without ...