Page 45 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) 23062 COPY.indd

Edition July 2022
Annual Issue, 10
BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
BFSI Chronicle, 2
th th
nd
nd
COMPENSATION Introduction:
For identifying the Contribution of
Non-Banking Financial Companies
OF to the Banking System and the
requirement to review the current
regulatory framework due to their
KEY MANAGERIAL changing Risk Profile, the Reserve
Bank of India (RBI) in its October 2021
notification introduced a Scale-Based
PERSONNEL Regulatory Framework for NBFCs
(SBRF).

IN The SBRF regulates matters such
as Capital Requirements, Prudent
Regulation and Governance Standards.
NBFCS All Non-Banking Financial Companies
are to be divided into one of Four Scale-
based Layers.
(With Effect from April 01, 2023) The Base Layer is for non-deposit

taking NBFCs with Assets below
INR 10 Billion, Peer-to-peer Lending
Platforms (P2P), Account Aggregators
(AA), Non-operative financial holding
Companies and NBFCs not using
Public Funds and with no Consumer
Interface.
All Deposit taking Non-Banking
Financial Companies irrespective
of Asset Size, Non-deposit taking
NBFCs along with the Assets of INR
10 Billion and above, Infrastructure
Debt Fund NBFCs, Housing Finance
Companies, Standalone Primary
Dealers, Core Investment Companies
and Infrastructure Finance Companies
will come under middle layer.
The Upper Layer is for NBFCs that
the RBI considers are in need of
CMA (Dr.) P. Siva Rama Prasad enhanced scrutiny. The Top 10 Non-
Asst. General Manager (Retd.)
State Bank of India Banking Financial Companies ranked
based on the asset size will always be
Hyderabad

The Institute Of Cost Accountants Of India
The Institute Of Cost Accountants Of India
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