RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+

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The Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classification. This change could affect Tata Sons' plans to avoid listing. Government-owned NBFCs may also face stricter regulations. The RBI aims for a clearer, simpler system for all.