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NBFCs

RBI releases list of NBFCs in the Upper Layer

Reserve Bank of India announced the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2024-25.

The framework categorises NBFCs in Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL) and gives the methodology to identify the NBFCs in the Upper Layer as per their asset size and scoring methodology.

The 2024-25 list of NBFC-UL comprises LIC Housing Finance, Bajaj Finance, Shriram Finance, Tata Sons, Cholamandalam Investment and Finance, L&T Finance, Mahindra & Mahindra Financial Services, Aditya Birla Finance, Tata Capital, Piramal Capital & Housing Finance, PNB Housing Finance, HDB Financial Services, Sammaan Capital, Muthoot Finance and Bajaj Housing Finance.

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