The Reserve Bank of India has issued a second amendment to its 2025 directions on the presentation and disclosure of financial statements by non-banking financial companies, creating an exemption for NBFCs in the Upper Layer that are fully owned and controlled by the government. The change follows a review of regulations applicable to NBFC-UL entities under the Scale Based Regulatory Framework for NBFCs. The amendment inserts a proviso after paragraph 23 of the 2025 directions stating that those provisions will not apply to NBFC-UL entities that are fully owned and controlled by the government. The amendment takes effect from the date of issuance.
Reserve Bank of India2026-06-24
Reserve Bank of India amends NBFC financial statement directions to exempt fully government-owned Upper Layer NBFCs
The Reserve Bank of India has amended its NBFC financial statement directions to exempt Upper Layer NBFCs that are fully owned and controlled by the government from the provisions in paragraph 23. The change takes effect immediately from the date of issuance.