What is the RBI reference number for this direction?

The RBI reference number is RBI/DOR/2025-26/358, issued on November 28, 2025. This direction contains 6 chapters covering: Preliminary, Function of Board, Treatment of Wilful Defaulters, Reporting of Wilful Defaulters and Large Defaulters, Preventive Measures and Role of Auditors, Repeal and Other Provisions.

Prudential Norms#20 of 35

Reserve Bank of India (Non-Banking Financial Companies – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025

RBI Reference

RBI/DOR/2025-26/358

Date of Issue

November 28, 2025

Chapters

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Overview

About This Direction

Prescribes the identification, classification, and treatment of wilful defaulters and large defaulters by NBFCs. Covers the role of the Board and Identification Committee, penal measures against wilful defaulters, reporting obligations, preventive mechanisms, and the role of statutory auditors in detecting fund diversion.

Table of Contents

Chapter-wise Structure

01Preliminary

02Function of Board

03Treatment of Wilful Defaulters

04Reporting of Wilful Defaulters and Large Defaulters

05Preventive Measures and Role of Auditors

06Repeal and Other Provisions

Source & Attribution: This document is issued by the Reserve Bank of India under reference RBI/DOR/2025-26/358 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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