RBI proposes ₹1 lakh crore asset threshold for upper-layer NBFCs

The RBI has proposed introducing a ₹1 lakh crore asset threshold for classifying upper-layer non-banking financial companies (NBFCs). Under the proposed amendments, the upper layer will comprise NBFCs with an asset size of ₹1 lakh crore or more, based on their latest audited financial statements. The central bank has also proposed including government-owned NBFCs in this classification.