What changed
- RBI amends paragraph 20 of the Non-Operative Financial Holding Companies Directions, 2025
- Reference for prudential norms on income recognition, asset classification, and provisioning updated to the 2026 Directions
- Amendments come into force from April 01, 2027
What it means for you
- Non-Operative Financial Holding Companies must follow the prudential norms as per the 2026 Directions
- The amendment updates the reference to align with the latest commercial banks directions
What you must do
- Non-Operative Financial Holding Companies should ensure compliance with the updated reference to the 2026 Directions
Who it affects
Non-Operative Financial Holding Companies
What are the key changes in the Amendment Directions?
The key change is the modification of paragraph 20 to reference the Reserve Bank of India (Commercial Banks - Asset Classification, Provisioning and Income Recognition) Directions, 2026.
When do the amendments come into force?
The amendments come into force from April 01, 2027.
What is the impact of the amendments?
The amendments update the reference for prudential norms applicable to Non-Operative Financial Holding Companies.