Source: Reuters (via feed)
India’s central bank on Friday proposed classifying non-banking lenders with assets of 1 trillion rupees ($10.78 billion) or more as upper layer non-banking financial companies (NBFCs). This category will comprise the largest and most systemically important players in the sector.
The proposal identifies a specific asset threshold to categorize NBFCs. It was announced as part of the central bank’s regulatory measures.
BizTrendWire Insight:
The classification sets a clear benchmark for grouping large NBFCs by asset size. This is a defined measure used by the central bank.
The classification sets a clear benchmark for grouping large NBFCs by asset size. This is a defined measure used by the central bank.
