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RBI's Tremendous Move: ₹1 Trillion to Join Upper Layer Club

RBI's Tremendous Move: ₹1 Trillion to Join Upper Layer Club

Folks, the RBI is making a huge move! They’re raising the bar for NBFCs to a staggering ₹1 trillion to join the exclusive upper layer club! That’s right! If you’re not hitting that number, you’re out! And guess what? State-backed players are getting a VIP pass! More players, more excitement! It’s going to be tremendous! Believe me!

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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