RBI Update - Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Amendment Directions, 2026

The Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Amendment Directions, 2026, issued by the Reserve Bank of India, introduce a new provision under Chapter IV (Miscellaneous) by inserting Part E on “Measures in case of declaration of calamity.” As per newly added Paragraph 105A, NBFCs are permitted, at their discretion, to extend relief measures to customers in regions affected by declared calamities, including waiver or reduction of fees and charges, for a period of up to one year. This amendment, aligned with the Resolution of Stressed Assets Amendment Directions, 2026 dated April 29, 2026, reinforces customer-centric and responsive conduct during distress situations and will come into effect from July 1, 2026.