MUMBAI, India, Feb. 13 -- Reserve Bank of India issued the following notification:
RBI/2025-26/210
DOR.STR.REC.413/21-07-001/2025-26
February 13, 2026
Reserve Bank of India (Non-Banking Financial Companies - Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026
Please refer to Reserve Bank of India (Non-Banking Financial Companies - Income Recognition, Asset Classification and Provisioning) Directions, 2025 (hereinafter referred to as 'the Directions').
2. Default Loss Guarantee (DLG) arrangements which are otherwise treated as 'synthetic securitisation' and are prohibited, were permitted in the limited case of digital lending vide circular dated June 08, 2023. Subsequently, the same was also permitte...