Taxmann Statutory Guide for NBFCs 31st Edition January 2026

Statutory Guide for NBFCs 31st Edition January 2026

Statutory Guide for NBFCs 31st Edition January 2026

The Present Publication is the 31^st Edition | 2026, updated till 31^st December 2025. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:

• [Complete Consolidation of RBI Directions] Brings together the full spectrum of RBI Master Directions and allied regulatory frameworks governing NBFCs and related entities into a single, systematically organised volume
• [Incorporation of 36 RBI Directions Issued in 2025] Reflects RBI’s 2025 regulatory consolidation across deposits, IRACP, stressed assets, securitisation, credit risk transfer, governance, disclosures, and conduct norms
• [Direction-wise, Statute-first Presentation] Each RBI Direction is reproduced as a self-contained regulatory instrument, preserving its original chapter structure, applicability clauses, definitions, commencement provisions, and annexures
• [Practice-facing Utility] Includes operational artefacts embedded within the Directions—such as illustrative computations, disclosure formats, reporting templates, and annexed returns—making the book usable for real compliance work
• [Alignment with Scale-Based Regulation (SBR)] Captures differential compliance obligations across NBFC layers and specialised categories under RBI’s scale-based supervisory framework
• [Comprehensive Navigation Aids] Supported by a curated List of Master Directions and a detailed Subject Index for rapid issue-to-provision referencing

The book is structured into nine regulatory divisions, covering the entire NBFC compliance perimeter:

• Division I | Law Relating to Non-Banking Financial Companies – The core of the publication, consolidating RBI Directions governing NBFC operations, prudential regulation, governance, and conduct, including (inter alia):
  • Acceptance of Public Deposits
  • Income Recognition, Asset Classification and Provisioning (IRACP)
  • Resolution of Stressed Assets
  • Securitisation Transactions
  • Transfer and Distribution of Credit Risk
  • Branch Authorisation
  • Asset Liability Management and Concentration Risk Management
  • Credit Risk Management and Credit Facilities
  • Classification, Valuation and Operation of Investment Portfolio
  • Responsible Business Conduct (including KFS, APR computation, and borrower disclosure illustrations)
  • Climate Finance and Management of Climate Change Risks
  • Managing Risks in Outsourcing of Financial Services
  • Prudential Norms on Capital Adequacy
  • Financial Statements – Presentation and Disclosures
  • Declaration of Dividends
  • Know Your Customer (KYC)
  • Account Aggregator Framework
  • Peer-to-Peer Lending Platform Directions
  • Microfinance Institution Directions
  • Miscellaneous and residual regulatory directions
  • This Division also incorporates critical allied frameworks such as the Information Technology Framework for NBFCs, IT Governance and Assurance Directions, Fraud Risk Management Directions, and the Integrated Ombudsman Scheme
• Division II | Mortgage Guarantee Companies – Dedicated coverage of RBI Directions applicable to Mortgage Guarantee Companies
• Division III | Housing Finance Companies – Includes RBI (Housing Finance Companies) Directions 2025, along with explicit cross-applicability of relevant NBFC Directions, enabling precise compliance mapping for HFCs
• Division IV | Standalone Primary Dealers – Covers RBI (Standalone Primary Dealers) Directions 2025, including prudential, accounting, and disclosure frameworks
• Division V | Credit Information Reporting – Includes RBI Directions on Credit Information Reporting, supported by highly granular annexures specifying data formats, segments, and field-level reporting requirements
• Division VI | Prescribed Returns – Contains RBI (Filing of Supervisory Returns) Directions, including annexures detailing lists of returns, changes, repeals, and portal-based submission mapping.
• Division VII | FEMA (Non-Debt Instruments) Rules 2019 – Provides the FEMA Non-Debt Instruments Rules, recognising the intersection of NBFC regulation with foreign investment and ownership controls.
• Division VIII | Insolvency and Bankruptcy Code Provisions for NBFCs – Consolidates IBC provisions relevant to NBFCs, including prescribed forms and procedural requirements
• Division IX | Priority Sector Lending Directions – Includes RBI (Priority Sector Lending – Targets and Classification) Directions 2025