The Reserve Bank of India (RBI) on December 29, 2025, issued the Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Amendment Directions, 2025 to further amend the Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Directions, 2025.
The following amendments have been stated:
• In paragraph 63, the following “Explanation” is being inserted after sub-paragraph (9):
“Explanation: The RE that has last uploaded or updated the customer’s KYC records in the CKYCR shall be responsible for verifying the identity and / or address of the customer, as applicable. Accordingly, any NBFC downloading and relying on such records from the CKCYR shall not be required to re-verify the authenticity of the customer’s identity and / or address, provided the KYC records downloaded from CKYCR are current and compliant with the PML Act, 2002 / PML Rules, 2005. The NBFC downloading and relying on KYC records downloaded from the CKCYR shall remain responsible for all aspects of CDD procedure and provisions of these Directions, except verification of identity and / or address of the customer.”
These Directions shall come into force with immediate effect.
[Notification No. RBI/2025-26/160 DOR.AML.REC.364/14.01.003/2025-26]
