The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs.
The framework also envisages that top ten NBFCs in terms of their asset size shall always reside in the Upper Layer.
1 - LIC Housing Finance LimitedDeposit taking HFC 2Bajaj Finance LimitedDeposit taking NBFC-ICC 3Shriram Transport Finance Company LimitedDeposit taking NBFC-ICC
4 - Tata Sons Private LimitedCIC 5 - L & T Finance LimitedNon-deposit taking NBFC-ICC 6 - Indiabulls Housing Finance LimitedNon-deposit taking HFC 7 - Piramal Capital & Housing Finance LimitedNon-deposit taking HFC
The NBFCs mentioned in the table above shall put in place a Board approved policy for adoption of the enhanced regulatory framework applicable to NBFC-UL