On October 24, 2025, the Reserve Bank of India (RBI) issued draft directions for public comments, following the announcement made in the Statement on Developmental and Regulatory Policies dated October 01, 2025. The draft directions include:
1. Draft Reserve Bank of India (Capital Market Exposure) Directions, 2025 for:
* Commercial Banks
* Small Finance Banks
2. Draft 'Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Amendment Directions, 2025'.
Public comments/feedback on the draft guidelines are invited until November 21, 2025, through the 'Connect2Regulate' section on the Reserve Bank's website. Alternatively, comments can be forwarded to The Chief General Manager, Credit Risk Group, Department of Regulation, Central Office Reserve Bank of India, 12th/13th Floor Shahid Bhagat Singh Marg, Fort Mumbai – 400 001 or by email. The Press Release number is 2025-2026/1378. Brij Raj, Chief General Manager, is the contact person. The RBI's website is www.rbi.org.in. The contact phone number is 022 - 2266 0502.
Key Entities Referenced
Statement on Developmental and Regulatory Policies: Referenced policy document prompting new draft directions.
Draft Reserve Bank of India (Capital Market Exposure) Directions, 2025: Draft directions concerning capital market exposure.
Draft 'Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Amendment Directions, 2025': Draft amendment directions for NBFC scale-based regulation.
Reserve Bank of India (RBI): Central bank issuing the draft directions.
Mumbai: Location of RBI central office, where feedback can be sent.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
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
October 24, 2025
RBI issues Draft Directions pursuant to Policy Announcement
In pursuance of the announcement made in the Statement on Developmental and
Regulatory Policies dated October 01, 2025, the Reserve Bank of India (RBI) has
today issued the following draft Directions for public comments:
1. Draft Reserve Bank of India (Capital Market Exposure) Directions, 2025
i) Draft Reserve Bank of India (Commercial Banks - Capital Market Exposure)
Directions, 2025
ii) Draft Reserve Bank of India (Small Finance Banks - Capital Market Exposure)
Directions, 2025
2. Draft ‘Reserve Bank of India (Non-Banking Financial Company – Scale
Based Regulation) Amendment Directions, 2025’
The comments on the draft guidelines are invited from public/stakeholders by
November 21, 2025. The comments/ feedback may be submitted through the link
under the ‘Connect2Regulate’ Section available on the Reserve Bank’s website.
Comments may alternatively be forwarded to The Chief General Manager, Credit
Risk Group, Department of Regulation, Central Office Reserve Bank of India, 12th/
13th Floor Shahid Bhagat Singh Marg, Fort Mumbai – 400 001 or by email.
(Brij Raj)
Press Release: 2025-2026/1378 Chief General Manager