Regulatory Alerts2026-06-15
Added · Updated
Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) Second Amendment Directions, 2026
These Directions amend the Master Direction on Non-Banking Financial Companies undertaking financial services, effective January 01, 2027. They redefine agency business to cover only regulated financial products and services from third-party providers. The amendments permit Non-Banking Financial Companies and Housing Finance Companies to distribute insurance, mutual funds, and Pension Fund Regulatory and Development Authority services on a fee basis without prior Reserve Bank approval, subject to compliance with respective sector regulators and responsible conduct guidelines. Several existing paragraphs regarding these activities are omitted or substituted to align with the revised framework.