MUMBAI, India, April 15 -- Reserve Bank of India issued the following press release:
The Reserve Bank had issued the draft Reserve Bank of India (Non-Banking Financial Companies - Branch Authorisation) Amendment Directions, 2026, seeking comments from NBFCs and other stakeholders till February 27, 2026. The draft instructions proposed to modify the extant guidelines on opening of branches as applicable to various categories of NBFCs (including HFCs).
2. Feedback received on the draft instructions has been examined and consequent modifications have been suitably incorporated in the final Amendment Directions. Statement on the feedback received on the draft instructions is provided in the Annex.
3. Accordingly, the Reserve Bank of India ha...