RBI announces new scale-based regulatory guidelines for NBFCs

Topics RBI | NBFC

The Reserve Bank of India on Friday released a final set of tighter, bank-like regulations for the non-bank finance sector to ensure better monitoring and prevent any failures from having knock-on effects on the rest of the financial world.

The central bank has gradually moved towards tighter norms for non-banking finance companies (NBFCs) since one of the biggest firms - Infrastructure Leasing & Financial Services - collapsed in late 2018 amid fraud allegations. The following year Dewan Housing Finance Corp and Altico Capital defaulted.....

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