On a review of regulations applicable to Upper Layer NBFCs under the Scale Based Regulatory Framework, the amendments withdraw the blanket exemptions earlier available to Government-owned NBFCs, requiring them to comply with concentration norms applicable to their respective regulatory layer. Existing breaches may continue until maturity without further exposure, while additional exposures beyond prudential limits are permitted only if fully offset through eligible credit risk transfer instruments. The Directions also delete specific Middle Layer provisions, clarify that exposures backed by State Government guarantees will be treated as exposures to the guaranteeing State Government with a 20% risk weight.