The Reserve Bank of India has released the amended guidelines on branch authorisation for non-banking financial companies (NBFCs), incorporating feedback received from stakeholders on the draft proposal issued earlier this year.
The updated directions revise existing rules governing the opening of branches across various NBFC categories, including housing finance companies, and also align related provisions under deposit-taking and housing finance regulations.
The move aims to offer greater operational flexibility to NBFCs in expanding their branch network, while maintaining necessary regulatory oversight and compliance standards.