<h1>Finance Bill 2019 Enhances RBI's Oversight on NBFCs: Board Supersession, Penalties, and New Capital Norms.</h1> Amendments in the Finance Bill, 2019, aim to enhance the Reserve Bank of India's (RBI) regulatory powers over Non-Banking Financial Companies (NBFCs). These changes would allow the RBI to supersede NBFC boards, restructure them, and impose stricter penalties. Measures include aligning NBFC regulations with banks, setting capital adequacy norms, and raising the Net Owned Fund requirement for Asset Reconstruction Companies to Rs. 100 crore. Temporary support measures include relaxing asset securitization rules, increasing exposure limits, and permitting banks to treat credit to NBFCs as high-quality liquid assets. NBFCs with assets over Rs. 5,000 crore must appoint a Chief Risk Officer.