On October 24, 2025, the Reserve Bank of India (RBI) issued draft directions for public comment, pursuant to the Statement on Developmental and Regulatory Policies dated October 01, 2025.
The draft directions are:
1. Draft Reserve Bank of India (Capital Market Exposure) Directions, 2025, which includes:
* Draft Reserve Bank of India (Commercial Banks - Capital Market Exposure) Directions, 2025
* 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'.
Public/stakeholder comments on the draft guidelines are invited by November 21, 2025. Comments and feedback can be submitted through the 'Connect2Regulate' section on the Reserve Bank's website or alternatively 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. Contact information for the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 is available via phone at 022 - 2266 0502. The RBI's website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The Chief General Manager is Brij Raj.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank issuing draft directions for public comment.
Draft Reserve Bank of India (Capital Market Exposure) Directions, 2025: Draft Directions issued by RBI concerning capital market exposure for certain banks.
Draft 'Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Amendment Directions, 2025': Draft amendment directions related to non-banking financial companies' scale-based regulation.
Statement on Developmental and Regulatory Policies: Referenced policy document influencing the draft directions.
Connect2Regulate: The platform on the Reserve Bank's website for submitting comments/feedback.
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