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August 2026
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FEMA & RBIRBI names 17 NBFCs in the Upper Layer for 2026-27; PNB Housing Finance and Sammaan Capital continue under enhanced regulation
17 NBFCs in Upper LayerNew facilityRBI has released the 2026-27 list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation, based on financials as on 31 March 2026 and on revised identification criteria. Seventeen NBFCs are named. Two more — PNB Housing Finance and Sammaan Capital — do not meet the criteria this time but stay in the Upper Layer because the enhanced requirements run for at least five years.
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