The amendment to the Reserve Bank of India Act 1934, effective August 1, 2019, has further empowered the Reserve Bank to constructively intervene in the operations of NBFCs. The asset-liability management (ALM) position and other relevant aspects of top 50 NBFCs are being closely monitored, which covers all NBFCs with asset size above ₹ crores.
The ALM of top 51–100 NBFCs is also being examined by the respective regional offices of the Reserve Bank. 26. In addition to the four pillars of supervision viz.