"RBI Releases NBFC Upper Layer List for 2024-25 under Scale-Based Regulation". National | Dated: 22 Jan 2025 In January 2025, the Reserve Bank of India (RBI) released the list of Non-Banking Financial Companies (NBFCs) in the Upper Layer (UL) segment under the Scale-Based Regulation (SBR) for NBFCs for the year 2024-25. 🎯 Key Highlights: - Despite its request to de-register as an NBFC, Tata Sons Private Limited has been retained in the NBFC UL list, and its request is still under examination. 💡 Other Important Facts: (i) The updated list includes 15 companies, such as Life Insurance Corporation of India (LIC) Housing Finance Limited (HFL), Bajaj Finance Limited (BFL), and Shriram Finance Limited (SFL), among others. (ii) Muthoot Finance Limited (MFL), a part of the Muthoot Group, is the only gold loan NBFC included in RBI's 'UL' list for three consecutive years. (iii) Piramal Enterprise Limited (PEL), which qualified for inclusion based on its scoring, has been excluded from the list for the year 2024-25 due to ongoing restructuring in the business group. 📚 Test Your Knowledge: Recently, which organization released the list of Non-Banking Financial Companies (NBFCs) in the Upper Layer (UL) segment for 2024-25? Correct Answer: RBI 🚀 Quick Recap: About RBI Governor : Sanjay Malhotra Headquarter : Mumbai