Newsflash — RBI NBFC Amendment Directions, 2026
The RBI has formalised the deregistration window for ‘Unregistered Type I NBFCs’, i.e., NBFCs that do not avail public funds, do not have a customer interface, and have an asset size below INR 1,000 crore. Existing Type I NBFCs that meet the criteria have until 31 December 2026 to apply for deregistration through the PRAVAAH portal.
Inside this newsflash:
The new Unregistered Type I NBFC category and what disqualifies you (including a wider definition of ‘customer interface’ and ‘indirect’ public funds).
Group threshold: cumulative assets of all such NBFCs in the group considered against the INR 1,000 crore line.
Annual Board Resolution and Notes to Accounts disclosure requirements going forward.
Section 45IA / 45IC carve-outs and what other RBI Act obligations continue to apply.
Restriction on overseas financial-sector investment for unregistered Type I NBFCs.