The Reserve Bank, vide Press Release dated February 10, 2026, had issued the draft ‘Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026’ seeking comments/ feedback from the stakeholders till March 04, 2026. These draft amendment Directions proposed (a) exemption from registration to ‘NBFCs not availing public funds and not having customer interface’ (including ‘Type I NBFCs’) with asset size of less than Rs1,000 crore subject to specified conditions, (b) procedure for deregistration or conversion for the existing ‘NBFCs not availing public funds and not having customer interface’, including ‘Type I NBFCs’, and (c) other related aspects.

2. Comments/ feedback received on the draft amendment Directions have been examined and the consequent modifications, as decided by the Reserve Bank, have been suitably incorporated in the final Amendment Directions. A statement on the comments/ feedback received is provided in the Annex.

3. Accordingly, the Reserve Bank has issued today the ‘Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026’.

(Brij Raj)           
Chief General Manager

Press Release: 2026-2027/172