Q. The Reserve Bank of India (RBI) has listed how many NBFCs in in the Upper Layer (NBFC-UL) under Scale Based Regulations (SBR)?
Answer:
15
Notes: The Reserve Bank of India (RBI) has listed 15 non-banking finance companies (NBFCs), including LIC Housing Finance, Bajaj Finance, Shriram Finance, Tata Sons, and Cholamandalam Investment and Finance Company, placing them in the Upper Layer (NBFC-UL) under Scale Based Regulations (SBR) for non-bank lenders.
These NBFCs will be subject to enhanced regulatory requirements, at least for a period of five years from their classification in the layer, even in case they do not meet the parametric criteria in the subsequent year/s.