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The Economic Times

Economy / The Economic Times

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RBI move may push govt NBFCs into Upper-Layer NBFC category

The Reserve Bank of India is proposing new rules for classifying large financial companies. State-owned firms like Power Finance Corp and REC may now be considered Upper-Layer NBFCs. This change aims for clearer regulations based on asset size. The RBI's proposal could bring more entities under stricter oversight.

13 Apr 2026 12:50 am