MUMBAI, India, March 10 -- Reserve Bank of India issued the following notification:

RBI/2025-26/227

DOR.CAP.REC.No.417/21.01.002/2025-26

March 10, 2026

All Non-Banking Financial Companies (NBFCs)

Dear Sir / Madam,

Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Second Amendment Directions, 2026

The Reserve Bank had issued the Master Direction - Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Directions, 2025 (hereinafter referred as the 'Master Direction'), on November 28, 2025, as amended from time to time. There is a need to further amend the same to review the definition of Tier 1 capital being reckoned for complying with extant credit / investment con...