2026-06-10

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Reserve Bank of India (All India Financial Institutions – Credit Facilities) Amendment Directions, 2026

The Reserve Bank of India deletes paragraphs 123 to 126 of Chapter VI and inserts new paragraphs 126A to 126E governing credit facilities to Infrastructure Investment Trusts (InvITs) by All India Financial Institutions (AIFIs). AIFIs are permitted to lend only to listed InvITs regulated by SEBI, subject to strict conditions including a minimum 80 percent investment in completed revenue-generating infrastructure projects, Board-approved lending policies, and prohibitions on bullet repayment structures. Specific acquisition finance provisions allow lending to acquiring companies with a minimum net worth of ₹500 crore, capping total financing at 75 percent of the independently assessed acquisition value and requiring control acquisition within 12 months. These directions come into force on October 1, 2026, or an earlier date of adoption by an AIFI, while permitting existing non-compliant loans to run off to maturity without renewal or enhancement.

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