Notifications

RESERVE BANK OF INDIA FINANCIAL MARKETS REGULATION DEPARTMENT 9TH FLOOR, CENTRAL OFFICE, FORT MUMBAI 400 001 Notification No. FMRD.DIRD.11/14.03.004/2021-22 dated February 10, 2022 Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022 (updated as on February XX, 2026) – Draft In exercise of the powers conferred under section 45W of the Reserve Bank of India Act, 1934 (02 of 1934) (hereinafter called the Act) read with section 45U of the Act and in supersession of Circular No. IDMD.PCD.No.10/14.03.04/2012-13 dated January 07, 2013, the Reserve Bank of India (hereinafter called the Reserve Bank) hereby issues the following Directions.

RBI/2025-26/ DOR.RAUG.REC.No.XXX /23-27-013/2025-26 February 06, 2026 Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026 – Draft for Comments The Reserve Bank had issued the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Directions, 2025 (hereafter referred as the ‘Master Directions’), on November 28, 2025, as amended from time to time. There is a need to further amend the same to provide operational flexibility to the NBFCs for branch expansion while ensuring necessary compliance.

RBI/ 2025-26/xx DOR.STR.REC.__./21.04.048/2025-26 ___2026 Draft – All India Financial Institutions - Relief Measures in areas affected by Natural Calamities Table of Contents

RBI/ 2025-26/xx DOR.STR.REC.__./21.04.048/2025-26 ___2026 Draft – Non-Banking Financial Companies - Relief Measures in areas affected by Natural Calamities Table of Contents

RBI/ 2025-26/xx DOR.STR.REC.__./21.04.048/2025-26 ___2026 Draft – Rural Co-operative Banks - Relief Measures in areas affected by Natural Calamities Table of Contents

RBI/2025-26/xx DOR.STR.REC.__./21.04.048/2025-26 ___2026 Draft – Regional Rural Banks - Relief Measures in areas affected by Natural Calamities Table of Contents

RBI/ 2025-26/xx DOR.STR.REC.__./21.04.048/2025-26 ___2026 Draft – Urban Co-operative Banks - Relief Measures in areas affected by Natural Calamities Table of Contents

RBI/ 2025-26/xx DOR.STR.REC.__./21.04.048/2025-26 ___2026 Draft – Local Area Banks - Relief Measures in areas affected by Natural Calamities Table of Contents

RBI/ 2025-26/xx DOR.STR.REC.__./21.04.048/2025-26 ___2026 Draft – Small Finance Banks - Relief Measures in areas affected by Natural Calamities Table of Contents

RBI/ 2025-26/xx DOR.STR.REC.__./21.04.048/2025-26 ___2026 Draft – Commercial Banks - Relief Measures in areas affected by Natural Calamities Table of Contents

RBI/2025-26/ DOR.MRG.REC.No. //2025-26 XX 2026 Reserve Bank of India (Standalone Primary Dealers) Amendment Directions, 2026 Please refer to Annex I of the FMRD Master Direction No. 1/2016-17

RBI/2025-26/ DOR.MRG.REC.No. //2025-26 XX 2026 Reserve Bank of India (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026 Please refer to Annex I of the FMRD Master Direction No. 1/2016-17 - Master Direction - Risk Management and Inter-Bank Dealings and paragraph 192

RBI/2025-26/ DOR.MRG.REC.No. //2025-26 XX 2026 Reserve Bank of India (Rural Co-operative Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2026 Please refer to Annex I of the FMRD Master Direction No. 1/2016-17 - Master Direction - Risk Management and Inter-Bank Dealings and Chapter III of Reserve Bank of India (Rural Co-operative Banks - Prudential Norms on Capital Adequacy) Directions, 2025 which inter alia specify the capital requirement on foreign exchange and gold open positions. Upon a review and to ensure consistent implementation

RBI/2025-26/ DOR.MRG.REC.No. //2025-26 XX 2026 Reserve Bank of India (Rural Co-operative Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2026 Please refer to Annex I of the FMRD Master Direction No. 1/2016-17 - Master Direction - Risk Management and Inter-Bank Dealings and Chapter III of Reserve Bank of India (Rural Co-operative Banks - Prudential Norms on Capital Adequacy) Directions, 2025 which inter alia specify the capital requirement on foreign exchange and gold open positions. Upon a review and to ensure consistent implementation

RBI/2025-26/ DOR.MRG.REC.No. //2025-26 XX 2026 Reserve Bank of India (Local Area Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2026 Please refer to paragraph 29 of the Reserve Bank of India (Local Area Banks - Prudential Norms on Capital Adequacy) Directions, 2025

RBI/2025-26/ DOR.MRG.REC.No. //2025-26 XX 2026 Reserve Bank of India (Regional Rural Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2026 Please refer to Chapter III of the Reserve Bank of India (Regional Rural Banks - Prudential Norms on Capital Adequacy) Directions, 2025

RBI/2025-26/ DOR.MRG.REC.No. //2025-26 XX 2026 Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026 Please refer to Annex I of the FMRD Master Direction No. 1/2016-17 - Master Direction - Risk Management and Inter-Bank Dealings which inter

RBI/2025-26/ DOR.MRG.REC.No. //2025-26 XX 2026 Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026 Please refer to Annex I of the FMRD Master Direction No. 1/2016-17 - Master Direction - Risk Management and Inter-Bank Dealings and paragraph 199 (Section D.4) of the Reserve Bank of India (Commercial

RBI/2025-26/___ DOR.CAP.REC.No.XX/21.01.002/2025-26 January 13, 2026 All Asset Reconstruction Companies (ARCs) Dear Sir / Madam, Reserve Bank of India (Asset Reconstruction Companies) Amendment Directions, 2026 – Draft for Comments

RBI/2025-26/___ DOR.CAP.REC.No.XX/21.01.002/2025-26 January 13, 2026 All Mortgage Guarantee Companies (MGCs) Dear Sir / Madam, Reserve Bank of India (Mortgage Guarantee Companies) Amendment Directions, 2026 – Draft for Comments