Currently NBFCs are categorized as deposit taking and non-deposit taking
Within the second category there are systematically important entities
New suggestions would have four layers - base layer would be for non deposit taking
Deposit taking NBFCs would have a new superstructure for regulation - this structure has not been fully specified, but is expected to be closer to that of the banks
In effect, entities taking deposits from customers would have similar regulations on Tier 1 capital, reserves, etc.
This would greatly help the folks who stick to 'Fixed Deposits'
0 comments:
Post a Comment