Risk Management#12 of 35
Reserve Bank of India (Non-Banking Financial Companies – Credit Risk Management) Directions, 2025
RBI Reference
RBI/DOR/2025-26/350
Date of Issue
November 28, 2025
Chapters
8
Overview
About This Direction
Framework for credit risk management by NBFCs. Covers board-approved credit risk policies, credit evaluation processes, regulatory restrictions on lending, CDS usage by NBFCs, Legal Entity Identifier requirements for large borrowers, and mandatory filing of security interests with CERSAI.
Table of Contents
Chapter-wise Structure
01Preliminary
02Board Approved Policies
03Credit Risk Evaluation
04Regulatory Restrictions
05Regulations on Credit Default Swaps (CDS) – NBFCs as Users
06Legal Entity Identifier (LEI) for Borrowers
07Filing of Security Interest in CERSAI
08Repeal and Other Provisions
Source & Attribution: This document is issued by the Reserve Bank of India under reference RBI/DOR/2025-26/350 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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