On January 01, 2026, the Reserve Bank of India (RBI) issued Amendment Directions on the risk weighting framework for Non-Banking Financial Companies (NBFCs) exposure to infrastructure projects.
This follows a draft issued on October 24, 2025, seeking stakeholder feedback on aligning risk weights with the actual risk characteristics of operational infrastructure projects to promote better risk assessment and capital allocation. Feedback was incorporated into the final Amendment Directions.
The RBI has issued the Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Amendment Directions, 2026 and the Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Amendment Directions, 2026. Additional information on feedback is available in the Annex.
The press release number is 2025-2026/1824. Brij Raj, Chief General Manager, is the contact person. The RBI's website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The phone number is 022-2266 0502. The Department of Communication's address is Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for issuing directives and regulations.
Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Amendment Directions, 2025: Draft amendment directions issued to seek feedback.
Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Amendment Directions, 2026: Issued directions for Non-Banking Financial Companies related to capital adequacy.
Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Amendment Directions, 2026: Issued directions for Non-Banking Financial Companies related to concentration risk management.
NBFCs: Non-Banking Financial Companies.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 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
January 01, 2026
RBI issues Amendment Directions on risk weighting framework for exposure
of NBFCs to infrastructure projects
The Reserve Bank of India had, on October 24, 2025, issued draft Reserve Bank
of India (Non-Banking Financial Company – Scale Based Regulation) Amendment
Directions, 2025 seeking feedback from stakeholders. The amendment directions
were aimed primarily at aligning risk weights with the actual risk characteristics of
operational infrastructure projects thereby promoting better risk assessment and
capital allocation.
2. Feedback received on the above draft has been examined and the consequent
modifications, as decided by the Reserve Bank, have been suitably incorporated in
the final Amendment Directions. A statement on the feedback received for the draft
Directions is provided in the Annex.
3. Accordingly, the Reserve Bank of India has today issued the Reserve Bank of India
(Non-Banking Financial Companies – Prudential Norms on Capital Adequacy)
Amendment Directions, 2026 and the Reserve Bank of India (Non-Banking Financial
Companies - Concentration Risk Management) Amendment Directions, 2026.
(Brij Raj)
Press Release: 2025-2026/1824 Chief General Manager