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RBI says no to special exposure relaxations for state NBFCs
The Reserve Bank of India has firmly rejected requests for special exemptions from concentration norms for government-owned NBFCs, emphasizing a principles-based regulatory approach. The central bank also denied calls to raise single counterparty limits for public sector enterprises. While allowing grandfathering of residual breaches and specific conditions for temporary limit breaches, the RBI has tightened rules to ensure regulatory clarity and stability.
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economictimes.indiatimes.com
RBI says no to special exposure relaxations for state NBFCs
The Reserve Bank of India has firmly rejected requests for special exemptions from concentration norms for government-owned NBFCs, emphasizing a principles-based regulatory…
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timesofindia.indiatimes.com
RBI retains Rs 1 lakh cr threshold for upper layer
MUMBAI: RBI’s final rules on scale-based regulation of NBFCs tighten oversight of bank-owned entities, effectively subjecting them to bank-like standards.