The RBI has published its list of upper-layer NBFCs for FY25, which includes major firms like Tata Capital, Bajaj Finance, and LIC Housing. Piramal Enterprises is excluded due to ongoing restructuring.
The list features 15 companies that are now categorised under the upper layer. Some of the prominent companies included in the list are:
These companies have been identified based on the RBI’s scoring methodology, which assesses factors such as size, financial strength, and market impact.
On October 22, 2021, the RBI introduced the Scale Based Regulation (SBR), a framework designed to classify NBFCs into four categories: base layer, middle layer, upper layer, and top layer.
After an NBFC is categorised as NBFC-UL, it will be required to adhere to stricter regulatory standards for a minimum of 5 years from its classification, even if it fails to meet the criteria in the following years.
Despite qualifying for identification as an NBFC-Upper Layer according to the RBI’s scoring criteria, Piramal Enterprises Limited has not been included in the list for FY25. This exclusion is due to an ongoing reorganization process within the business group.
Tata Sons Pvt Ltd has been included in the list of NBFC-Upper Layer. However, the inclusion is subject to the outcome of its ongoing application for de-registration, which is currently under review by the RBI.
At 10:25 AM on the NSE, Bajaj Finance’s share price declined by 0.31% to ₹7,237.00, while LIC Housing Finance’s share price also saw a drop of 0.31%, trading at ₹564.70. Shriram Finance was down by 0.47%, at ₹544.25, whereas Piramal Enterprises rose by 1.16%, reaching ₹1,036.70.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 17, 2025, 10:48 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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