The Reserve Bank of India (RBI), on February 06, 2026, issued the Draft Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026.
The following has been amended namely:-
• In subsection A1 of the Master Direction, the following shall be substituted:- “Opening of Branches in India.”
• In paragraph 6 of the Master Direction, the following shall be substituted:“An NBFC is generally permitted to open branches without having the need to obtain prior approval from RBI, unless otherwise specifically restricted.”
• Subsections A2 and A3 including paragraphs 7, 8 and 9 of the Master Direction shall stand deleted.
[Notification No. RBI/2025-26/___DOR.RAUG.REC.No.XXX /23-27-013/2025-26]
