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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Reserve Bank of India (Non-Banking Financial Companies - Miscellaneous) Directions, 2025

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

RBI has issued RBI (Non-Banking Financial Companies - Miscellaneous) Directions, 2025 effective from 28th November 2025. Key Highlights: 1. Applicability - Applicable to NBFCs as per their regulatory layer (Base, Middle, or Upper), and each NBFC must follow the rules meant for its category. 2. Mandatory Intimations to RBI - NBFCs must inform RBI within one month of any change in their registered office address, phone numbers, directors, principal officers, authorised signatories, or auditors. 3. Appointment of Statutory Auditors - NBFCs must follow RBI's 2021 guidelines on appointing statutory auditors. Smaller NBFCs (non-deposit taking, asset size below Rs. 1,000 crore) may continue with their existing process. 4. Private Placement of NCDs - NBFCs must have a Board-approved resource planning policy. 5. NBFCs Prohibited from Partnership Firms / LLPs - NBFCs cannot become partners or contribute capital to partnership firms, LLPs, or associations of persons. Existing NBFCs in such entities must exit at the earliest. 6. Customer-Friendly Practices - NBFCs must round off all transactions to the nearest rupee and cannot reject client cheques/drafts containing fractions. Safe deposit lockers, if offered, must be disclosed as not RBI-regulated services. For more information, please refer to the attached document.

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