Regulatory30 Jun 2026, 06:30 pm
Paul Merchants Subsidiary Migrates to NBFC Base Layer
AI Summary
Paul Merchants Finance Private Limited, a wholly-owned subsidiary of Paul Merchants Ltd, has been reclassified by the Reserve Bank of India from the Middle Layer (NBFC-ML) to the Base Layer (NBFC-BL) of the NBFC regulatory framework. This migration is due to the subsidiary's asset size being below ₹1,000 Cr as per its audited balance sheet for FY 2025-26. The company stated that this change in classification does not affect the subsidiary's operations.
Key Highlights
- Paul Merchants Finance Private Limited reclassified to NBFC Base Layer.
- Subsidiary's asset size below ₹1,000 Cr triggered the migration.
- No change in the subsidiary's operational activities.
- Classification change is per RBI's Scale Based Regulation Directions.
Price Impact
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