New Delhi, June 24 -- The Reserve Bank of India has issued revised norms for classifying NBFCs in the Upper Layer category and for the inclusion of government-owned NBFCs in the category.

According to the revised criteria, the Upper Layer NBFCs will be categorised on the basis of an asset size of Rs 1,00,000 crore and above as per the latest audited balance sheet for the financial year.

The Upper Layer will have those NBFCs that are specifically identified by the central bank as warranting enhanced regulatory requirements based on the revised criteria of Rs 1,00,000 crore asset threshold. The asset criteria for categorising NBFCs will be reviewed every three years, the RBI said.

The RBI, in its amendments to the earlier norms, also all...