Regulating Non-Banking

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 01, 2025, the Reserve Bank of India (RBI) has today issued the following draft Directions: A. Draft Reserve Bank of India (Scheduled Commercial Banks - Capital Charge for Credit Risk – Standardised Approach) Directions, 2025 The proposed Directions seek to implement one of the key elements of the global reforms implemented by the Basel Committee on Banking Supervision (BCBS), suitably tailored to the Indian context. The Directions amend the existing standardised approach fram

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated December 08, 2023, the Reserve Bank of India (RBI) has today issued the draft regulatory framework, for public comments, on lending to related parties by various regulated entities (REs), as enumerated below: i. Reserve Bank of India (Commercial Banks – Lending to Related Parties) Directions, 2025 ii. Reserve Bank of India (Small Finance Banks – Lending to Related Parties) Directions, 2025 iii. Reserve Bank of India (Regional Rural Banks – Lending to Related Parties) Directions, 2025 iv. Reserve Bank of India (Local Area Banks – Lending to Related Parties) Directions, 2025 v. Reserve Bank of India (Urban Co-operative Banks – Lending to Related Parties) Directions, 2025

The Reserve Bank had issued the press release on 'Invitation of applications for recognition of Self-Regulatory Organisations (SROs) for NBFCs' dated June 19, 2024 inviting applications for recognising SROs for NBFC sector. 2. We had received three applications/ letters of interest for application for recognition as SRO for NBFCs. The applications/ references

Analysis of the performance under the Citizen’s Charter during the month of September 2025 has been carried out and the summary thereof is given below –

The Reserve Bank had issued a press release dated December 01, 2022, on Voluntary Surrender of Certificate of Registration (CoR) by NBFCs (including HFCs) for cancellation enclosing application form and indicative checklist. The Reserve Bank has since launched the PRAVAAH portal on May 28, 2024, to make it convenient for any individual or entity to apply online for various regulatory approvals and clearances in a seamless manner. As the application for voluntary surrender of CoR for cancellation is available in the said portal, the applicant NBFC (including HFCs) may upload the application form along with the documents complete in all respects as indicated in the checklist.

In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC): Name/ details of the NBFC Name of the service provider (mobile app) Datta Finance and Trading Private Limited Registered Office Address: K-1/82 Chittaranjan Park, South Delhi, New Delhi, Delhi, India, 110019 CoR No.: B-14.01007 dated March 29, 2000 1. KinCash app & DoLoan app - Zest Top One Technology Private Limited 2. ZestCash app – the company’s in-house app

The Certificate of Registration issued to the following Non-Banking Financial Companies (NBFC) has been restored after considering the orders passed by the Appellate Authority/Courts. The NBFCs are advised to adhere to the applicable provisions of the RBI Act, 1934, and guidelines/directions issued by the RBI including reporting requirements.

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

The following nine Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

A comprehensive review of the various services offered by Reserve Bank of India under Citizens’ Charter and Regulatory Approvals was undertaken and the revised Citizen’s Charter was released on July 1, 2025. 2. An analysis of the performance under

The Certificate of Registration issued to the following Non-Banking Financial Companies (NBFC) has been restored after considering the orders passed by the Appellate Authority/Courts.

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date 1 Wadhawan Global Capital Limited Ground Floor, Madhava Building, Near Family Court, Bandra-Kurla Complex, Bandra (East), Mumbai, Maharashtra – 400051 N-13.02092 June 12, 2015 July 07, 2025

The following 10 Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

The Certificate of Registration issued to the following Non-Banking Financial Company (NBFC) has been restored after considering the orders passed by the Appellate Authority/Courts. The NBFC is advised to adhere to the applicable provisions of the RBI Act, 1934, and guidelines/directions issued by the RBI including reporting requirements.

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date 1 Paridhi Trading Company Pvt Ltd 2nd Floor, Apsara Cinema Building, Dr D.B. Marg, Grant Road, Mumbai, Maharashtra - 400007 13.00973 August 12, 1998 June 25, 2025

The following seven Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

The various services offered by Reserve Bank of India (RBI) to the entities regulated by it and to the citizens of the country were listed under two distinct heads viz. Timelines for Regulatory Approvals and Citizens’ Charter. Under Regulatory Approvals 133 services were made available, while the Citizens’ Charter had 58 services. A comprehensive review of the services offered by RBI has been undertaken and the timelines have been rationalised leading to reduction of time in 11 services. All services to the regulated entities and to the citizens have been subsumed under the Citizen’s Charter. The Citizen’s Charter now contains 204 services.

The Reserve Bank had issued draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’ on May 03, 2024, for stakeholder comments. The draft guidelines proposed an enabling framework for the regulated entities (REs) for financing project loans, while addressing the underlying risks.

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following company. Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date 1 Wofin Leasing and Finance Private Limited 7 Ganesh Chandra Avenue, PS: Bowbazar, Kolkata, West Bengal 700013 B-05.06747 March 13, 2008 May 16, 2025

The following four Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.