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of <h1>RBI Unveils Scale Based Regulation for NBFCs: New Capital, Governance, and Prudential Norms Effective October 2022.</h1> The Reserve Bank of India (RBI) has introduced a revised regulatory framework for Non-Banking Financial Companies (NBFCs) called Scale Based Regulation (SBR), effective from October 1, 2022. This framework categorizes NBFCs into four layers based on size, activity, and risk: Base Layer, Middle Layer, Upper Layer, and Top Layer. The regulations cover capital requirements, governance standards, and prudential norms, with specific guidelines for each layer. Notably, the framework includes enhanced capital adequacy, internal capital assessments, and exposure limits. The RBI aims to align the regulatory framework with the evolving risk profiles of NBFCs, ensuring systemic stability and effective risk management.
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