world focus magazine Published this article page no 99 Base Layer It include NBFCsND with asset size below 1000 cr and NBFCs in activities as P2P lending Account Aggregator NonOperative Financial Holding Company and NBFCs not availing public funds and no customer interface. Middle Layer All deposit taking NBFCs NBFCsND with asset size of Rs 1000 cr or more NBFCs in activities as Standalone Primary Dealers Infrastructure Debt Fund CICs Housing Finance Companies and Infrastructure Finance Companies Upper Layer Top ten NBFCs in terms of their asset size and NBFCs identified by RBI as warranting enhanced regulatory framework and Top Layer Ideally to remain empty but RBI can populate it if substantial increase in the potential systemic risk from NBFCs in the upper layer. The new SBR framework also introduced changes to Extant NPA classification to be 90 days by March 2026 for all categories of NBFCs Ceiling of Rs 1 crore per borrower in IPO funding At least one Director with experience in a bankNBFC Changes in Capital Guidelines for NBFC in Middle and Upper Layer Revised Governance guidelines (e.g. Chief Compliance Officer) and prudential guidelines on Credit concentrationSensitive Sector Exposure etc. PAYMENT BANK Why in news? RBI accorded Scheduled Bank status to number of Payment Banks like Paytm Payments Bank Airtel Payments Bank etc. Scheduled Bank status and its Benefits Scheduled Banks are the banks included in the Second Schedule of Reserve Bank of India Act 1934. o This includes Scheduled Commercial Banks and Scheduled Cooperative Banks Scheduled Bank status allows banks to explore new business opportunities take part in Request for Proposals issued by the government and other large corporations primary auctions fixedrate and variable rate repos and reverse repos. They can also participate in Marginal Standing Facility and will be eligible to partner in governmentrun financial inclusion schemes world focus magazine buy.
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