New Delhi, Feb. 6 -- The Reserve Bank of India (RBI) proposed significant regulatory easing for Non-Banking Financial Companies (NBFCs) to promote ease of doing business while maintaining strong sectoral growth.

RBI Governor Sanjay Malhotra, delivering the Monetary Policy Statement, stated, "NBFCs having no public funds and customer interface, with asset size not exceeding Rs 1000 crore, are proposed to be exempted from the requirement of registration. Moreover, it is proposed to dispense with the requirement for certain NBFCs to obtain prior approval to open more than 1000 branches."

"The system-level financial parameters related to capital adequacy, liquidity, asset quality and profitability of Scheduled Commercial Banks (SCBs) contin...