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 for public comments:

1. Draft Reserve Bank of India (Capital Market Exposure) Directions, 2025

1. Draft Reserve Bank of India (Commercial Banks - Capital Market Exposure) Directions, 2025
2. Draft Reserve Bank of India (Small Finance Banks - Capital Market Exposure) Directions, 2025

2. Draft ‘Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Amendment Directions, 2025’

The comments on the draft guidelines are invited from public/stakeholders by November 21, 2025. The comments/ feedback may be submitted through the link under the ‘Connect2Regulate’ Section available on the Reserve Bank’s website. Comments may alternatively be forwarded to The Chief General Manager, Credit Risk Group, Department of Regulation, Central Office Reserve Bank of India, 12th/ 13th Floor Shahid Bhagat Singh Marg, Fort Mumbai – 400 001 or by email.

(Brij Raj)               
Chief General Manager

Press Release: 2025-2026/1378