What is the RBI reference number for this direction?

The RBI reference number is RBI/DOR/2025-26/345, issued on November 28, 2025. It was last updated as on March 10, 2026. This direction contains 6 chapters covering: Preliminary, Regulatory Capital, Risk Weight Assets (RWAs), Guidelines for Credit Default Swap (CDS), Internal Capital Adequacy Assessment Process (ICAAP), Repeal and Other Provisions.

Prudential Norms#07 of 35

Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Directions, 2025

RBI Reference

RBI/DOR/2025-26/345

Date of Issue

November 28, 2025

Last Updated

March 10, 2026

Chapters

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Overview

About This Direction

Prescribes capital adequacy norms for NBFCs including minimum capital ratios, CET1 capital elements, Tier 1 and Tier 2 capital components, leverage ratio requirements, risk-weighted asset computation, securitisation exposure treatment, and the Internal Capital Adequacy Assessment Process (ICAAP) for NBFC-ML and above.

Table of Contents

Chapter-wise Structure

01Preliminary

02Regulatory Capital

03Risk Weight Assets (RWAs)

04Guidelines for Credit Default Swap (CDS)

05Internal Capital Adequacy Assessment Process (ICAAP)

06Repeal and Other Provisions

Source & Attribution: This document is issued by the Reserve Bank of India under reference RBI/DOR/2025-26/345 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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06. Governance

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08. Acceptance of Public Deposits

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