On December 05, 2025, the Reserve Bank of India (RBI) issued Amendment Directions for Reserve Bank of India (Undertaking of Financial Services) Directions, 2025. This follows a draft circular on 'Forms of Business and Prudential Regulation for Investments' issued on October 04, 2024, to seek feedback to review regulations on ringfencing of banks' core business from other risk bearing non-core businesses. Feedback was examined and incorporated into the final directions, with a statement in the Annex. The RBI issued five Amendment Directions to amend instructions on Undertaking of Financial services by regulated entities: (1) Commercial Banks, (2) Small Finance Banks, (3) Payments Banks, (4) Non-Banking Financial Companies, and (5) Non-Operative Financial Holding Companies. More information can be found at www.rbi.org.in and via email at helpdoc@rbi.org.in. For further inquiries, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, Phone: 022 - 2266 0502. This press release is 2025-2026/1640 and was issued by Brij Raj, Chief General Manager.
Key Entities Referenced
Reserve Bank of India (Undertaking of Financial Services) Directions, 2025: Amendment Directions issued by the Reserve Bank of India regarding undertaking of financial services.
Reserve Bank of India: The central bank of India, the issuer of the directions.
'Forms of Business and Prudential Regulation for Investments': The draft circular issued by Reserve Bank of India for feedback.
Annex: Document providing a statement on the feedback received for the draft circular.
Mumbai: Location of the Department of Communication, Central Office.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय �रज़वर् बैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, केंद्रीय कायार्लय, शहीद भगत िसंह मागर्, फोटर्, मुंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
December 05, 2025
RBI issues Amendment Directions for Reserve Bank of India
(Undertaking of Financial Services) Directions, 2025
The Reserve Bank of India had issued draft circular on ‘Forms of Business and
Prudential Regulation for Investments’ on October 04, 2024, seeking feedback from
banks and other stakeholders. The objective of the draft circular was to review
regulations on ringfencing of banks’ core business from other risk bearing non-core
businesses as also to provide level playing field.
2. Feedback received on the draft has been examined and suitably incorporated in
the final directions. A statement on the feedback received for the draft circular is
provided in the Annex.
3. Accordingly, the Reserve Bank of India has today issued the following five
Amendment Directions to amend the extant instructions on Undertaking of Financial
services by various regulated entities.
(1) Reserve Bank of India (Commercial Banks –Undertaking of Financial Services)
Amendment Directions, 2025.
(2) Reserve Bank of India (Small Finance Banks –Undertaking of Financial Services)
Amendment Directions, 2025.
(3) Reserve Bank of India (Payments Banks –Undertaking of Financial Services)
Amendment Directions, 2025.
(4) Reserve Bank of India (Non-Banking Financial Companies –Undertaking of
Financial Services) Amendment Directions, 2025.
(5) Reserve Bank of India (Non-Operative Financial Holding Companies) Amendment
Directions, 2025.
(Brij Raj)
Press Release: 2025-2026/1640 Chief General Manager