The Reserve Bank of India has published the list of non-banking financial companies (NBFCs) assessed under the Upper Layer of Scale Based Regulation for the financial year 2026-27. This regulatory framework categorizes NBFCs based on their financial health.
RBI Releases List of NBFCs Under Scale Based Regulation
The Reserve Bank of India (RBI) has announced the list of Non-Banking Financial Companies (NBFCs) classified under the Upper Layer for Scale Based Regulation for the financial year 2026-27. The determination is based on financial metrics as of March 31, 2026.
This regulatory framework is designed to strengthen oversight and ensure that higher-risk NBFCs maintain adequate capital and risk profiles. It is crucial for stability in the non-banking financial sector and aims to enhance investor confidence.
Legal advisors should analyze the implications of this classification for affected NBFCs, noting how it may affect their operational strategies, regulatory obligations, and access to capital markets.
Citations
- RBI NBFC Classification (2026)