RBI Proposes 4-Tier Structure for Tighter Regulation of NBFCS
The RBI has proposed a tighter regulatory framework for non-banking financial companies (NBFCs) by creating a four-tier structure with a progressive increase in intensity of regulation.
- In addition, RBI has also proposed classification of non-performing assets (NPAs) of base layer NBFCs from 180 days to 90 days overdue.
- Its aims is to protect the financial stability while ensuring that smaller NBFCs continue to enjoy light-touch regulations and grow with ease.
Need
- In view of the recent stress in the sector, it has become imperative to re-examine the suitability of this regulatory approach, especially when failure of an extremely large NBFC can precipitate ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Government e Marketplace (GeM)
- 2 Inflation Targeting
- 3 Bond Yield
- 4 Asset Reconstruction Companies (ARCs)
- 5 Agriculture Infrastructure and Development Cess (AIDC)
- 6 SBI Launches Centre of Excellence for MSMEs in Gurugram
- 7 Inverted Duty Structure under GST
- 8 Sustainable Aviation Fuel
- 9 Annual Survey of Industries 2023-24
- 10 Cabinet Approves Incentive Scheme to Promote Critical Mineral Recycling
- 1 Pradhan Mantri Fasal Bima Yojana Completes Five Years
- 2 RBI Introduces Digital Payment Index
- 3 RBI Operationalises Payment Infrastructure Development Fund
- 4 RBI’s Risk Based Internal Audit Framework
- 5 Off-Budget Borrowings
- 6 Counter-Cyclical Fiscal Policy
- 7 Iron-Ore Policy 2021
- 8 New Industrial Development Scheme for Jammu & Kashmir (J&K IDS, 2021)
