RESERVE BANK OF INDIA (SETTING UP OF WHOLLY OWNED SUBSIDIARIES BY FOREIGN BANKS) AMENDMENT GUIDELINES, 2026

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

RBI/DOR/2025-26/233

DOR.ACC.REC.No.432/21.02.067/2025-26

March 10, 2026

Reserve Bank of India (Setting Up of Wholly Owned Subsidiaries by Foreign Banks) Amendment Guidelines, 2026

Please refer to the Reserve Bank of India (Setting Up of Wholly Owned Subsidiaries by Foreign Banks) Guidelines, 2025 (hereinafter referred to as 'the Guidelines').

2. On a review, consequent to the issuance of the Reserve Bank of India (Commercial Banks - Prudential Norms on Declaration of Dividends and Remittance of Profit) Directions, 2026, the Reserve Bank being satisfied that it is necessary and expedient in the public interest so to do, hereby issues the Amendment Direc...