RBI ISSUES AMENDMENT DIRECTIONS ON REVIEW OF REGULATORY FRAMEWORK INCLUDING REGISTRATION REQUIREMENT FOR 'NBFCS NOT AVAILING PUBLIC FUNDS AND NOT HAVING CUSTOMER INTERFACE' (INCLUDING 'TYPE I NBFCS')

MUMBAI, India, April 29 -- Reserve Bank of India issued the following press release:

The Reserve Bank, vide Press Release dated February 10, 2026, had issued the draft 'Reserve Bank of India (Non-Banking Financial Companies - Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026' seeking comments/ feedback from the stakeholders till March 04, 2026. These draft amendment Directions proposed (a) exemption from registration to 'NBFCs not availing public funds and not having customer interface' (including 'Type I NBFCs') with asset size of less than ₹1,000 crore subject to specified conditions, (b) procedure for deregistration or conversion for the existing 'NBFCs not availing public funds and not ...