Announced Tue, 30 Jun · 18:29 IST
NBFC subsidiary reclassified from Middle Layer to Base Layer by RBI
Regulatory & Legal View source PDF
PML · price
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Price reaction · full curve 14 horizons · vs prior close
-5.0%1-day move
₹500.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-5.0-1.1-2.0-1.5-8.0-2.0-3.0———
Up moveDown movePending
AI summary
Paul Merchants Finance Private Limited, a wholly owned subsidiary of Paul Merchants Ltd, has been reclassified by RBI from Middle Layer (NBFC-ML) to Base Layer (NBFC-BL) under RBI's Master Directions on Scale Based Regulation, 2025. The reason is that the subsidiary's asset size is below Rs. 1,000 Cr as per its audited balance sheet for FY 2025-26. The company clarified there is no change in the subsidiary's operations.
Likely market impact
Routine RBI reclassification to a lighter regulatory category since subsidiary assets are under Rs 1,000 Cr. No operational or business change.