The Reserve Bank of India (RBI) has invited public comments on the draft Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026.

The central bank had earlier announced in its Statement on Developmental and Regulatory Policies dated February 6, 2026, that it would issue draft amendment directions to provide exemption from registration to eligible NBFCs that do not avail public funds and do not have customer interface, including ‘Type I NBFCs’. In line with this, the draft amendment directions have now been placed in the public domain for stakeholder consultation.

The RBI has invited comments and feedback from NBFCs, members of the public and other stakeholders until March 4, 2026. Responses can be submitted through the ‘Connect 2 Regulate’ section available on the RBI’s official website. Alternatively, feedback may be sent to the Chief General Manager-in-Charge, Department of Regulation (SIG-NBFCs), Reserve Bank of India, Central Office Building, Mumbai, or via email with the subject line: “Feedback on the draft ‘Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026’.”

The move is aimed at refining the regulatory framework for NBFCs under the scale-based regulation architecture and ensuring a balanced approach for entities with limited risk exposure.