RBI Update - Reserve Bank of India (Non-Banking Financial Companies – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026

The Reserve Bank of India has issued the Reserve Bank of India (Non-Banking Financial Companies – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026, effective immediately, to revise disclosure requirements applicable to NBFCs under the Scale Based Regulatory Framework. The amendment provides that the disclosure and presentation requirements prescribed under paragraph 23 of the Directions shall not apply to NBFCs classified in the Upper Layer (NBFC-UL) that are fully owned and controlled by the Government. This relaxation follows the RBI’s review of the regulatory framework governing Upper Layer NBFCs and recognises the distinct ownership, accountability and reporting structures applicable to Government-owned NBFCs, while retaining the existing financial statement presentation and disclosure requirements for all other NBFC-UL entities.