The Reserve Bank of India (RBI), on July 15, 2026, issued the Reserve Bank of India (All India Financial Institutions – Credit Facilities) Second Amendment Directions, 2026, amending the Reserve Bank of India (All India Financial Institutions – Credit Facilities) Directions, 2025 with immediate effect.
The amendment inserts an explanation under Paragraph 39, permitting All India Financial Institutions (AIFIs) to finance multiple independent viable units of a project as separate projects, where the project can be operationalised independently, provided that each unit achieves separate financial closure and is appraised for standalone viability. It also inserts an explanation under Paragraph 41, clarifying that for electricity generation projects involving both generation and transmission (evacuation infrastructure), the right of way requirement for transmission may be determined in accordance with the prescribed provisions.
The amendments aim to provide greater flexibility in project financing by AIFIs and clarify the treatment of integrated electricity generation and transmission projects under the existing credit facility framework.
[Notification No. RBI/2026-27/184]
