RBI Announces Enhanced Regulatory Procedures for 15 Large NBFCs in FY24

  • RBI has listed 15 NBFCs, including LIC Housing Finance and Tata Sons, under the Upper Layer category for increased regulatory compliance.
  • These NBFCs will be subject to enhanced regulation for at least five years, despite any fluctuation in their parametric criteria.
  • TMF Business Services Ltd has been excluded from the NBFC-UL list due to its ongoing business reorganisation.
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