RBI Changes Risk-Weight Norms, Making Loans Costlier For NBFCs
On Friday, the RBI tightened norms so as to make lending costlier for non-banking financial companies or NBFCs. An NBFC which owes the bank Rs. 200 crore or more and is un-ratedwill attract a risk-weight of 150%. Also, any other NBFC to which banks have an exposure of Rs. 100 crore or more, and was previously ratedwill also attract a risk weight of 150%.