Current Affairs

GK MCQs Section
Q. RBI’s scale-based NBFC regulation classifies NBFCs into how many layers?
Answer: Four
Notes: In October 2021, RBI announced the scale-based NBFC regulation, which has four layers: base layer, middle layer, upper layer and top layer. Recently, the Reserve Bank of India (RBI) released a list of 16 upper layer non-banking finance companies (NBFC-ULs) that must adhere to enhanced regulation. It includes LIC Housing Finance, Bajaj Finance, Mahindra & Mahindra Financial Services, Shriram Transport among others.
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