What is the RBI reference number for this direction?

The RBI reference number is RBI/DOR/2025-26/367, issued on November 28, 2025. It was last updated as on March 10, 2026. This direction contains 11 chapters covering: Preliminary, Role of Board of Directors and Registration, Capital Requirements, Prudential Regulations, Shareholding and Corporate Governance, Corporate Governance and Disclosure Requirements, Risk Management, Overseas Investment, Miscellaneous Instructions, Reporting Requirements, Repeal and Other Provisions.

Specialised NBFCs#29 of 35

Reserve Bank of India (Core Investment Companies) Directions, 2025

RBI Reference

RBI/DOR/2025-26/367

Date of Issue

November 28, 2025

Last Updated

March 10, 2026

Chapters

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Overview

About This Direction

Regulatory framework for Core Investment Companies (CICs) — NBFCs whose primary business is holding investments in group companies. Covers registration requirements, capital adequacy (adjusted net worth), prudential regulations, shareholding patterns, corporate governance, risk management, overseas investment guidelines, and disclosure requirements.

Table of Contents

Chapter-wise Structure

01Preliminary

02Role of Board of Directors and Registration

03Capital Requirements

04Prudential Regulations

05Shareholding and Corporate Governance

06Corporate Governance and Disclosure Requirements

07Risk Management

08Overseas Investment

09Miscellaneous Instructions

10Reporting Requirements

11Repeal and Other Provisions

Source & Attribution: This document is issued by the Reserve Bank of India under reference RBI/DOR/2025-26/367 dated November 28, 2025. It is a public regulatory document reproduced here for informational and compliance purposes. For the authoritative version, please refer to rbi.org.in.

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