Risk Management#13 of 35
Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Directions, 2025
RBI Reference
RBI/DOR/2025-26/351
Date of Issue
November 28, 2025
Last Updated
March 10, 2026
Chapters
5
Overview
About This Direction
Prescribes concentration risk limits for NBFC lending and investment exposures across each SBR layer. Sets single borrower and group exposure ceilings as a percentage of owned funds, with progressively tighter limits for Middle and Upper Layer NBFCs to prevent portfolio concentration risk.
Table of Contents
Chapter-wise Structure
01Preliminary
02Guidelines Applicable to NBFC – Base Layer
03Guidelines Applicable to NBFC – Middle Layer
04Guidelines Applicable to NBFC – Upper Layer
05Repeal and Other Provisions
Source & Attribution: This document is issued by the Reserve Bank of India under reference RBI/DOR/2025-26/351 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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