The regulatory framework for NBFCs is contained in following directions and notifications/ circulars issued from time to time In addition, the regulatory instructions as prescribed in the following Master Directions shall be applicable to all NBFCs registered with the Reserve Bank, unless specified otherwise in the respective Master Directions: 1. [Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12962) 2. [Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12961). 3. [Reserve Bank of India (Non-Banking Financial Companies – Acquisition of Shareholding or Control) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12964) 4. [Reserve Bank of India (Non-Banking Financial Companies – Governance) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12960) 5. [Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12959) 6. [Reserve Bank of India (Non-Banking Financial Companies – Climate Finance and Management of Climate Change Risks) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12940) 7. [Reserve Bank of India (Non-Banking Financial Companies – Credit Risk Management) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12954) 8. [Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12957) 9. [Reserve Bank of India (Non-Banking Financial Companies – Concentration Risk Management) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12953) 10. [Reserve Bank of India (Non-Banking Financial Companies – Transfer and Distribution of Credit Risk) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12952) 11. [Reserve Bank of India (Non-Banking Financial Companies – Securitisation Transactions) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12951) 12. [Reserve Bank of India (Non-Banking Financial Companies – Income Recognition, Asset Classification and Provisioning) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12948) 13. [Reserve Bank of India (Non-Banking Financial Companies – Resolution of Stressed Assets) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12947) 14. [Reserve Bank of India (Non-Banking Financial Companies – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12946) 15. [Reserve Bank of India (Non-Banking Financial Companies – Classification, Valuation and Operation of Investment Portfolio) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12950) 16. [Reserve Bank of India (Non-Banking Financial Companies – Asset Liability Management) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12949) 17. [Reserve Bank of India (Non-Banking Financial Companies – Managing Risks in Outsourcing) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12941) 18. [Reserve Bank of India (Non-Banking Financial Companies – Financial Statements: Presentation and Disclosures) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12945) 19. [Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Declaration of Dividends) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12944) 20. [Reserve Bank of India (Non-Banking Financial Companies – Credit Information Reporting) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12955) 21. [Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12943) 22. [Reserve Bank of India (Non-Banking Financial Companies – Credit Cards: Issuance and Conduct) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12956) 23. [Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12942) 24. [Reserve Bank of India (Non-Banking Financial Companies – Voluntary Amalgamation) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12963) 25. [Reserve Bank of India (Non-Banking Financial Companies – Miscellaneous) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12931) ## Related Notes 1. [NBFCs](NBFCs.md) 2. [NBFCs - Concentration Risk](NBFCs%20-%20Concentration%20Risk.md) 3. [NBFCs - Credit Facilties](NBFCs%20-%20Credit%20Facilties.md)