{"id":73880,"date":"2023-09-29T14:03:54","date_gmt":"2023-09-29T08:33:54","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=rbi&p=73880"},"modified":"2024-06-05T15:16:07","modified_gmt":"2024-06-05T09:46:07","slug":"nbfcs-upper-layer-list","status":"publish","type":"rbi","link":"https:\/\/enterslice.com\/learning\/rbi\/notification\/nbfcs-upper-layer-list\/","title":{"rendered":"RBI notified a list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulations for NBFCs"},"content":{"rendered":"

The RBI has, on 14.09.2023, announced the list of NBFCs in the Upper layer under Scale-based Regulation for NBFCs for the year 2023-24. On 22.10.2021, the RBI issued the Scale Based Regulation (SBR), a Revised Regulatory Framework for NBFCs. The framework categories NBFCs in the Base layer (NBFC<\/a>-BL), Middle layer (NBFC-ML), Upper layer (NBFC-UL) and Top Layer (NBFC-TL). It gives the methodology to identify the NBFCs in the Upper Layer as per their asset size and scoring methodology. Accordingly, the 2023-24 list of NBFC-UL is as under:<\/p>\n\n\n\n

Sl. No.<\/td>Name of the NBFC<\/td>Category of the NBFC<\/td><\/tr>
 1<\/td>LIC Housing Finance Limited<\/td>Deposit-taking HFC<\/td><\/tr>
 2<\/td>Bajaj Finance Limited<\/td>Deposit-taking NBFC-ICC<\/td><\/tr>
 3<\/td>Shriram Finance Limited (formerly Shriram Transport Finance Company Limited)<\/td>Deposit-taking NBFC-ICC<\/td><\/tr>
 4<\/td>Tata Sons Private Limited<\/td>Core Investment Company (CIC)<\/td><\/tr>
 5<\/td>L& T Finance Limited<\/td>Non-deposit-taking NBFC-ICC<\/td><\/tr>
 6<\/td>Piramal Capital & Housing Finance Limited<\/td>Non-deposit taking HFC<\/td><\/tr>
 7<\/td>Cholamandalam Investment and Finance Company Limited<\/td>Non-deposit taking NBFC-ICC<\/td><\/tr>
 8<\/td>Indiabulls Housing Finance Limited<\/td>Non-deposit taking HFC<\/td><\/tr>
 9<\/td>Mahindra & Mahindra Financial Services Limited<\/td>Deposit-taking NBFC-ICC<\/td><\/tr>
 10<\/td>Tata Capital Financial Services Limited<\/td>Non-deposit taking NBFC-ICC<\/td><\/tr>
 11<\/td>PNB Housing Finance Limited<\/td>Deposit-taking HFC<\/td><\/tr>
 12<\/td>HDB Financial Services Limited<\/td>Non-deposit taking NBFC-ICC<\/td><\/tr>
 13<\/td>Aditya Birla Finance Limited<\/td>Non-deposit taking NBFC-ICC<\/td><\/tr>
 14<\/td>Muthoot Finance Limited<\/td>Non-deposit taking NBFC-ICC<\/td><\/tr>
 15<\/td>Bajaj Housing Finance Ltd.<\/td>Non-deposit taking HFC<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Despite qualifying for identification as NBFC-UL as per scoring methodology, TMF Business Services Limited (formerly Tata Motors Finance Limited) is not being included in the list of NBFC_UL in the current review due to its ongoing business reorganisation. In terms of the framework, once an NBFC is classified as NBFC-UL, it will be subject to higher regulatory requirements for a period of at least five years from its classification in the layer, even if it is parametric. Does not meet the criteria. Subsequent years.<\/p>\n\n\nRBI-notified-a-list-of-NBFCs-in-the-Upper-Layer-NBFC-UL-under-Scale-Based-Regulations-for-NBFCs
<\/a>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The RBI has, on 14.09.2023, announced the list of NBFCs in the Upper layer under Scale-based Regulation for NBFCs for the year 2023-24. On 22.10.2021, the RBI issued the Scale Based Regulation (SBR), a Revised Regulatory Framework for NBFCs. The framework categories NBFCs in the Base layer (NBFC<\/a>-BL), Middle layer (NBFC-ML), Upper layer (NBFC-UL) and […]<\/p>\n","protected":false},"author":78,"featured_media":73887,"parent":73004,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[2620],"tags":[567],"acf":{"service_id":"308"},"yoast_head":"\nRBI notified a list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulations for NBFCs - Enterslice<\/title>\n<meta name=\"description\" content=\"Get the latest updates on the list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulations by RBI. Stay updated on regulatory changes and industry news.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/rbi\/notification\/nbfcs-upper-layer-list\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI notified a list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulations for NBFCs - Enterslice\" \/>\n<meta property=\"og:description\" content=\"Get the latest updates on the list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulations by RBI. Stay updated on regulatory changes and industry news.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/rbi\/notification\/nbfcs-upper-layer-list\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-05T09:46:07+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2023\/09\/RBI-notified-a-list-of-NBFCs-in-the-Upper-Layer-NBFC-UL-under-Scale-Based-Regulations-for-NBFCs-min.webp\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/rbi\/73880"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/rbi"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/rbi"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/78"}],"version-history":[{"count":10,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/rbi\/73880\/revisions"}],"predecessor-version":[{"id":75309,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/rbi\/73880\/revisions\/75309"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/rbi\/73004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/73887"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=73880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=73880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=73880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}