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JC - Legal Updates - New Regulatory Measures Expected by RBI

Legal Updates

10 Oct 2023

New Regulatory Measures Expected by RBI

Brief Overview:
The RBI through the Statement on Developmental and Regulatory Policies issued on 6th October 2023, has indicatedintroduction of regulatory measures, inter alia relating to Projects under implementation Credit Concentration Norms for NBFC in the Middle Layer (ML) and Base Layer (BL).
Technical Details:
1)   Prudential Framework for Projects Under Implementation
RBI is expected to introduce comprehensive regulatory framework applicable for all regulated entities, for the projects under implementation. This is expected to strengthen the extant regulatory framework and to harmonise the instructions across all regulated entities on the subject.
2)   Credit Concentration Norms - Credit Risk Transfer
It is decided to permit NBFCs (ML) and NBFCs (BL), to offset their exposures with eligible credit risk transfer instruments. The instructions to be issued will harmonize the aforesaid norms among all three layers of NBFCs.
For further details, please see:
Statement on Developmental and Regulatory Policies:
For any queries / clarifications, please feel free to ping us and we will be happy to chat:

●   Mr. Ankit Sinha (ankit.sinha@jclex.com)
●   Mr. Saurabh Sharma (saurabh.sharma@jclex.com)
●   Ms. Rupul Jhanjee (rupul.jhanjee@jclex.com

Kejal Soni, Trainee, Banking & Finance at Juris Corp has also contributed to this publication.