IEcoS (Economic Services) Indian Economics Money and Banking-Foreign Banks and Non-Banking Financial Institutions Terms and Persons (Page 7 of 7)

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Systemically Important NBFCs

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Systemically important NBFCs are those with an asset size of Rs 500 crore or more.

NBFCs-ND are categorized into two broad categories viz. ,

1. NBFCs-ND (those with assets of less than ₹ 500 crore) and

2. NBFCs-ND-SI (those with assets of ₹ 500 crore and above) .

(ND mean Non-Deposit taking NBFCs)

For Systemically Important Core Investment Companies (NBFC -CIC- SI) , the asset size is Rs 100 crore.