RBI issues draft on review of NBFC-Upper Layer framework

The Reserve Bank of India (RBI) connected Friday invited nationalist comments connected the draught Amendment Directions connected reappraisal of methodology for recognition of NBFC-UL [Non-Banking Finance Company-Upper Layer] and inclusion of Government-owned NBFCs successful NBFC-UL. 

The Scale Based Regulatory (SBR) Framework for NBFCs prescribes a two-pronged methodology for recognition of NBFC-UL viz., apical 10 eligible NBFCs by plus size and parametric scoring methodology.