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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934 (as applicable to Financial Sector)

RBI updates RBI (Non-Banking Financial Companies - Miscellaneous) Directions, 2025

26-Feb-2026 | RBI/DOR/2025-26/373 DOR.FIN.REC.No.292/03-10-119/2025-26

RBI has updated the RBI (Non-Banking Financial Companies - Miscellaneous) Directions, 2025. Key Highlights; 1. Para 13A and 13B have been inserted regarding the Directions on Private Placement of Equity Shares by National Urban Co-operative Finance and Development Corporation Limited (NUCFDC), which is an Umbrella Organisation for Primary Co-operative Banks. 2. NUCFDC can offer shares based on private placement to more than 200 persons in aggregate in a financial year, subject to the fulfilment of the following conditions- a. They shall have a Board-approved policy for resource planning, and an offer must be given to UCBs and the National Co-operative Development Corporation (NCDC). b. UCBs and NUCFDC must comply with the applicable statutory requirements. c. NUCFDC shall not extend any loan or advance or any other financial accommodation against its own shares and shall submit a quarterly statement giving information about the offer to RBI within 15 days from quarter end. The directions in Para 13A are effective till 31st March, 2029, unless modified or withdrawn earlier or extended further by the Reserve Bank.

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