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RBI draft on non banks threatens CICs with costly listing and new compliance rules
Economy
Published on 24 April 2026
AUM-based listing could burden CICs that never sought markets
A new RBI draft for “upper layer” non-bank finance companies is expected to hit core investment companies (CICs) disproportionately, mainly by raising compliance costs. Mandatory listing requirements may be onerous for CICs that don’t plan to access public markets, while an AUM-based approach could complicate governance and listing timelines.
- RBI’s draft targets upper layer NBFCs but may impact CICs hardest
- Compliance and mandatory listing requirements could raise operating costs
- CICs not seeking public market access may face unintended burdens
- AUM based eligibility may create governance and listing challenges
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times