RBI's new framework: NBFCs getting a makeover soon!

Finance

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RBI's new framework: NBFCs getting a makeover soon!

RBI's big boss, Sanjay Malhotra, just dropped a bombshell! They're rolling out a shiny new framework to sort non-banking financial companies (NBFCs) into upper, middle, and lower layers. Starting in 2024-25, heavyweights like Bajaj Finance and Tata Capital will strut their stuff in the upper tier. Let’s see how this shakes things up!