New Delhi, April 15 -- The Reserve Bank of India on Wednesday has issued new guidelines on branch authorisation for Non-Banking Financial Companies (NBFCs), aimed at strengthening regulatory oversight and ensuring orderly and prudent expansion of such entities in the financial system.

The guidelines, titled Reserve Bank of India (Non-Banking Financial Companies - Branch Authorisation) Directions, 2025, have come into effect immediately and are applicable across various categories of NBFCs, including deposit-taking NBFCs, Housing Finance Companies (HFCs), and Investment and Credit Companies (NBFC-ICCs).

It stated "In exercise of the powers conferred by Chapter IIIB of the Reserve Bank of India Act, 1934, and Sections 30A, 32 and 33 of th...