Assets of multiple NBFCs in a group shall be aggregated to determine if such consolidation falls within the asset sizes of the two categories mentioned above. Regulations as applicable to the two categories will be applicable to each of the NBFC-ND within the group. Revoking of temporary suspension of CoR 26.
The regulatory framework for NBFCs was based on the provisions of the RBI Act 1934, as amended in 1997. Since then, several important developments warranted a major shift in the regulatory paradigm for the NBFC sector. In the circumstances, a decision to revamp the basic framework was taken.