Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026

15-Apr-2026 , 06:26:31 pm | By CASANSAAR print

Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026

RBI/2026-2027/11
DOR.RAUG.REC.No.S391/23-27-013/2026-27

April 15, 2026

Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026

The Reserve Bank had issued the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Directions, 2025 (hereafter referred as the 'Directions'), on November 28, 2025. It has been decided to amend these Directions to provide operational flexibility to the NBFCs for branch expansion while ensuring necessary compliance.

2. Accordingly, in exercise of the powers conferred by Chapter IIIB of the Reserve Bank of India Act, 1934, and Sections 30A of the National Housing Bank Act, 1987 and all other provisions / laws enabling the Reserve Bank of India ('RBI') in this regard, the Reserve Bank having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial system to the advantage of the country so to do, and to prevent the affairs of any NBFC from being conducted in a manner detrimental to the interest of investors and depositors or in any manner prejudicial to the interest of such NBFC, hereby, issues to every NBFC the following Amendment Directions.

3. These Directions shall be called the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026.

4. These Amendment Directions shall come into force with immediate effect.

5. The Directions are amended as provided below:

i) Paragraph 3 (1), shall be substituted by the following:

These Directions shall be applicable to the following Non-Banking Financial Companies (hereinafter collectively referred to as 'NBFCs' and individually as an 'NBFC'), for all layers:

(i) The provisions contained in paragraphs 5, 10 to 11 and 13 to 15 shall be applicable to the following categories of NBFCs:

(a) NBFC-D registered with the RBI under the provisions of the RBI Act, 1934;

(b) NBFC-ICC registered with the RBI under the provisions of the RBI Act, 1934;

(d) NBFC-MFI registered with the RBI under the provisions of the RBI Act, 1934;

(e) NBFC-IFC registered with the RBI under the provisions of the RBI Act, 1934;

(f) IDF-NBFC registered with the RBI under the provisions of the RBI Act, 1934;

(g) HFCs registered with RBI under the provisions of the NHB Act, 1987;