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AnalysisVidhiMonday, 28 September 2026

Same Threshold, Different Rules

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Summary
**Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its Amendment Directions to the Scale Based Regulatory (SBR) Framework. The amendments replace the existing classification methodology with a single asset size threshold of ₹1,00,000 crore for Upper […] The post Same Threshold, Different Rules appeared first on Vidhi Centre for Legal Policy.
Key Facts
TypeAnalysis
SourceVidhi Centre for Legal Policy
PublishedMonday, 28 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
4 changes recorded for this policy.
DescriptionWednesday, 30 September 2026via policyradar
**Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its Amendment Directions to the Scale Based Regulatory (SBR) Framework. The amendments replace the existing classification methodology with a single asset size threshold of ₹1,00,000 crore for Upper […] The post Same Threshold, Different Rules appeared first on Vidhi Centre for Legal Policy.
Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its...
DescriptionWednesday, 30 September 2026via policyradar
**Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its Amendment Directions to the Scale Based Regulatory (SBR) Framework. The amendments replace the existing classification methodology with a single asset size threshold of ₹1,00,000 crore for Upper […] The post Same Threshold, Different Rules appeared first on Vidhi Centre for Legal Policy.
Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its...
DescriptionWednesday, 30 September 2026via policyradar
**Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its Amendment Directions to the Scale Based Regulatory (SBR) Framework. The amendments replace the existing classification methodology with a single asset size threshold of ₹1,00,000 crore for Upper […] The post Same Threshold, Different Rules appeared first on Vidhi Centre for Legal Policy.
Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its...
DescriptionThursday, 1 October 2026via policyradar
**Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its Amendment Directions to the Scale Based Regulatory (SBR) Framework. The amendments replace the existing classification methodology with a single asset size threshold of ₹1,00,000 crore for Upper […] The post Same Threshold, Different Rules appeared first on Vidhi Centre for Legal Policy.
Kushagra Jaiswal and Vaishnav Bhat Introduction The Reserve Bank of India (RBI) has made significant changes to how it identifies Upper Layer Non-Banking Financial Companies (NBFCs) under its...
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