RBI issues draft on review of NBFC-Upper Layer framework

The Reserve Bank of India (RBI) on Friday invited public comments on the draft Amendment Directions on review of methodology for identification of NBFC-UL [Non-Banking Finance Company-Upper Layer] and inclusion of Government-owned NBFCs in NBFC-UL. 

The Scale Based Regulatory (SBR) Framework for NBFCs prescribes a two-pronged methodology for identification of NBFC-UL viz., top ten eligible NBFCs by asset size and parametric scoring methodology.