RBI's New Trillion-Dollar Rule for NBFCs: Upper Layer Vibes

Yo, RBI just laid down the law on Friday, sayin' if your NBFC got a trillion bucks in assets, you rollin' in the upper layer, baby! They want feedback till May 4, 2026, and right now, 15 players are in the mix, but that number 'bout to rise, fo' shizzle!

Quick rundown

1.RBI proposes size-based classification for NBFCs.

2.Upper layer NBFCs must have assets of Rs 1 trillion or more.

3.State-backed NBFCs may join the upper layer if they meet criteria.

4.Current upper-layer NBFCs include major players like Bajaj Finance and Tata Capital.

5.Proposed changes aim to simplify and harmonize NBFC classification.

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