Now Reading: RBI adds 4 PSU lenders to NBFC upper layer, Tata Sons stays
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RBI adds 4 PSU lenders to NBFC upper layer, Tata Sons stays
The Reserve Bank of India released its revised list of upper-layer NBFCs for FY27 on Thursday, adding four public sector infrastructure financiers: REC Limited, Power Finance Corporation, Indian Railway Finance Corporation and…
The Story in Brief
The Reserve Bank of India released its revised list of upper-layer NBFCs for FY27 on Thursday, adding four public sector infrastructure financiers: REC Limited, Power Finance Corporation, Indian Railway Finance Corporation and Housing and Urban Development Corporation. Tata Sons remains on the list despite its pending application to exit NBFC status. The total number of entities subject to upper-layer regulations rose to 19 from 15, as two firms, PNB Housing Finance and Sammaan Capital, that no longer meet the criteria continue to be regulated.
The Indian Opinion
Rushing to call this a tough regulatory stance ignores that the RBI simply revised thresholds after skipping a year. The real story is the quiet inclusion of PSU giants like REC and PFC, not a crackdown. Skeptics who cry overreach should watch whether the central bank next tightens rules on group-level consolidation, as seen with Aditya Birla Capital. The test: will the FY27 list trigger higher capital demands, or just more paperwork?
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
