The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) (Amendment) Directions, 2025, effective December 5, 2025. These amendments follow stakeholder consultation and align the NBFC framework with the revised entity-wise Master Directions issued on November 28, 2025.
Key Update Introduced
The Amendment inserts a new Paragraph 60A under the Master Direction, establishing harmonised compliance requirements for NBFCs that are group entities of Scheduled Commercial Banks.
Key Provision (Para 60A):
NBFCs that form part of a Scheduled Commercial Bank’s group must comply with the relevant provisions of the Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) Directions, 2025, to the extent that the same business/activity is undertaken by both the NBFC and its parent bank.
Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13212&Mode=0
