RBI Announcement: Proposal to exempt eligible NBFCs from mandatory registration with RBI

The Reserve Bank of India (‘RBI’), in its Statement on Developmental and Regulatory Policies released on 6th Feb 2026, has indicated a potential relaxation in the registration framework applicable to certain Non-Banking Financial Companies (‘NBFCs’). A broad overview of the concept of NBFC, the announcement made by the RBI in relation to the proposed relaxation for certain specified categories of NBFC and its potential impact have been summarized below:

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