Current Affairs · Banking Regulations
Under the Scale Based Regulation (SBR) framework implemented by the RBI, which of the following criteria determines the identification of an NBFC into the Upper Layer, and what is the timeframe mandated for the submission of a board-approved transition plan once notified?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Any NBFC accepting public deposits with an asset size of 25,000 crore rupees automatically transitions, requiring plan submission within 12 weeks.
- 2The entity must be identified based on a multi-factor scoring methodology including parameters like interconnectedness and complexity, with a mandatory transition plan submission within 6 months of the notification.✓
- 3The asset size must exceed 100,000 crore rupees regardless of scoring, with a transition plan required to be submitted within 3 months.
- 4The asset size must exceed 50,000 crore rupees and the entity must rank within the top 10 NBFCs by size, with a plan submission within 6 months.
Correct answer
The entity must be identified based on a multi-factor scoring methodology including parameters like interconnectedness and complexity, with a mandatory transition plan submission within 6 months of the notification.
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