RBI Update - Reserve Bank of India (All India Financial Institutions – Credit Facilities) Second Amendment Directions, 2026

The Reserve Bank of India has issued the Reserve Bank of India (All India Financial Institutions – Credit Facilities) Second Amendment Directions, 2026, with immediate effect, amending the All India Financial Institutions – Credit Facilities Directions, 2025. The amendment inserts an explanation under paragraph 39 clarifying that where a project can be operationalised as multiple independent and viable units, an All India Financial Institution (AIFI) may, at its discretion, finance such units as separate projects with independent financial closure, subject to an ex-ante appraisal of each unit’s standalone viability. Additionally, an explanation has been added to paragraph 41 specifying that, for electricity generation projects comprising both generation and transmission (evacuation infrastructure) components, the right of way requirement for the transmission portion may be determined in accordance with sub-paragraph (3).