The Reserve Bank of India (RBI) on November 28, 2025, issued the Reserve Bank of India (Non-Banking Financial Companies - Acceptance of Public Deposits) Directions, 2025.
The following has been stated namely: -
• These Directions shall be applicable to Non-Banking Financial Companies, excluding Housing Finance Companies (HFCs), registered with the Reserve Bank under section 45IA (5) of the RBI Act.
• These Directions shall not be applicable to a Mutual Benefit Financial Company or a Mutual Benefit Company.
• These Directions shall apply to an NBFC being a Government Company
• These Directions consolidates the regulations as issued by Department of Regulation, Reserve Bank of India. However, any other Directions/guidelines 4 issued by any other Department of the Bank, as applicable to a Deposit taking NBFC shall be adhered to by it.
• The Requirement of Maintenance of Liquid Assets has been stated in the Directions
• The Restriction on Acceptance of Public Deposit by NBFC has been stated in the Directions
This shall come into force on November 28, 2025
[Notification No. RBI/DOR/2025-26/346]
