RESERVE BANK OF INDIA (STANDALONE PRIMARY DEALERS) AMENDMENT DIRECTIONS, 2026

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

RBI/2025-26/232

DOR.CAP.REC.No.422/21.01.002/2025-26

March 10, 2026

All Standalone Primary Dealers (SPDs)

Dear Sir / Madam,

Reserve Bank of India (Standalone Primary Dealers) Amendment Directions, 2026

The Reserve Bank had issued the Reserve Bank of India (Standalone Primary Dealers) Directions, 2025 (hereafter 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 provide clarification on the components reckoned in the computation of Tier 1 capital, as well as to review the definition of Tier 1 capital being reckoned for complying with extant exposure norms.

2. Accordin...