RBI issued detailed guidelines w.r.t. Large Exposure Framework (LEF) for NBFCs in the Upper Layer

Earlier the RBI through its circular DOR.CRE.REC. No.60/03.10.001/2021-22 dated October 22, 2021 issued the guidelines on Scale Based Regulation (SBR), which prescribed the large exposure framework for NBFCs UL. Now RBI has prescribed the detailed w.r.t. Large Exposure Framework (LEF). The guidelines shall be applicable to NBFC-UL, both at the solo level and at the consolidated (group) level. Exposure shall comprise both on and off-balance sheet exposures by the NBFC-UL.Earlier the RBI through its circular DOR.CRE.REC. No.60/03.10.001/2021-22 dated October 22, 2021 issued the guidelines on Scale Based Regulation (SBR), which prescribed the large exposure framework for NBFCs UL. Now RBI has prescribed the detailed w.r.t. Large Exposure Framework (LEF). The guidelines shall be applicable to NBFC-UL, both at the solo level and at the consolidated (group) level. Exposure shall comprise both on and off-balance sheet exposures by the NBFC-UL.taxmann.com Latest Statutory HappeningsRead More

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