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RBI revised the Scale Based Regulation framework for NBFCs in upper layer. RBI issued the detailed guidelines w.r.t maintenance of Common Equity Tier 1 capital of at least 9 % of Risk Weighted Assets by the NBFCs, UL. This circular further defined as what will be included in the Equity Tier 1 Capital. This will be applicable to all NBFCs identified as NBFC-UL, except Core Investment Companies (CICs).RBI revised the Scale Based Regulation framework for NBFCs in upper layer. RBI issued the detailed guidelines w.r.t maintenance of Common Equity Tier 1 capital of at least 9 % of Risk Weighted Assets by the NBFCs, UL. This circular further defined as what will be included in the Equity Tier 1 Capital. This will be applicable to all NBFCs identified as NBFC-UL, except Core Investment Companies (CICs).taxmann.com Latest Statutory HappeningsRead More