RESERVE BANK OF INDIA (NON-BANKING FINANCIAL COMPANIES - INTERNAL AUDIT FUNCTION) DIRECTIONS, 2026TABLE OF CONTENTS

MUMBAI, India, July 31 -- Reserve Bank of India issued the following notification:

RBI/DoS/2026-27/464

DoS.CO.PPG.58/11.01.005/2026-27

July 31, 2026

Reserve Bank of India (Non-Banking Financial Companies - Internal Audit Function) Directions, 2026

Table of Contents Introduction Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Governance and Oversight A. Role of the Board B. Role of the Senior Management Chapter III - Risk-Based Internal Audit Framework A. Policy on Internal Audit B. Objectives and Scope C. Authority, Stature, and Independence D. Risk Assessment E. Audit Plan F. Monitoring of Compliance G. Outsourcing Chapter IV - Head of Internal Audit A. Authority, Stature, and Indep...