https://www.taxtmi.com/news?id=27278 The Reserve Bank adopts a hybrid regulatory approach for NBFCs combining entity-based and activity-based rules under prudential and conduct pillars, with the Scale Based Regulation (SBR) aligning regulatory burden to size, complexity and interconnectedness; significant differences with banks remain (entry capital, permitted activities, priority sector obligations, capital composition, and operational restrictions), deposit-taking by NBFCs is discouraged due to macro-financial safety net requirements; and supervisors expect NBFCs to address funding concentration, underwriting standards, conduct on P2P platforms, microfinance pricing, business-model concentration and technology risks. en-us Fri, 09 Feb 2024 16:07:26 +0530 Fri, 09 Feb 2024 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27278 The Reserve Bank adopts a hybrid regulatory approach for NBFCs combining entity-based and activity-based rules under prudential and conduct pillars, with the Scale Based Regulation (SBR) aligning regulatory burden to size, complexity and interconnectedness; significant differences with banks remain (entry capital, permitted activities, priority sector obligations, capital composition, and operational restrictions), deposit-taking by NBFCs is discouraged due to macro-financial safety net requirements; and supervisors expect NBFCs to address funding concentration, underwriting standards, conduct on P2P platforms, microfinance pricing, business-model concentration and technology risks. News - Fri, 09 Feb 2024 16:07:26 +0530 https://www.taxtmi.com/news?id=27278