RBI has issued a revised Regualtory framework for NBFCs (SBR) 'Scale Based Regulations'. These regulations were notified on Oct, 22,2021 and shall be effective from 01st October. The NBFCs shall be categorised in 3 categories Base Level (BL), Middle Layer (ML) & Upper Layer (UL).

Among other points the regulatory minimum NOF is increased from Rs. @ Crore to 10 Crores. All exisiting NBFCs have to increase NOF to Rs. 5 Crore by March, 31, 2025 and to Rs. 10 Crore by March 31, 2027.

However, for NBFC-P2P, NBFC-AA, and NBFCs with no public funds and no customer interface, the NOF shall continue to be ₹2 crore.