Enhanced Corporate Governance and Compliance Function for larger NBFCs
– Anita Baid, Vice President | finserv@vinodkothari.com
RBI has been concerned with the adverse regulatory arbitrage posing systemic risk in the NBFC sector. In order to align the regulatory provisions with the objective of preserving financial stability and reducing systemic risks, a scale based regulatory framework has been introduced which is to be effective from October 1, 2022. The SBR is a calibrated and graded regulatory framework proportional to the systemic significance of NBFCs.
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