In exercise of the powers conferred under Section 45NC of the Reserve Bank of India Act,
The Gazette of India
CG-MH-E-30062026-273952
EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
No. 421] NEW DELHI, TUESDAY, JUNE 30, 2026/ ASHADHA 9, 1948
RESERVE BANK OF INDIA
(Department of Regulation)
(CENTRAL OFFICE)
NOTIFICATION
Mumbai, the 23rd June, 2026
Notification No. DoR.FIN.67/03.10.001/2026-27.—In exercise of the powers conferred under
Section 45NC of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India, on being
satisfied that it is necessary so to do, hereby declares that the provisions of Sections 45IA and 45IC of the
said Act, shall not apply to an ‘NBFC not availing public funds and not having any customer interface’,
subject to the following conditions:
(1) It operates without public funds and without customer interface, as its conscious and long-term business
model;
(2) Its asset size is less than ₹1,000 crore as per the last audited balance sheet;
(3) It passes an annual Board Resolution at the beginning of the financial year that the company will not
avail public funds and will also not have customer interface during the year; and
(4) It discloses in its Notes to Accounts to the financial statements that it is an ‘Unregistered Type I NBFC’
along with the status of public funds and customer interface.
2. For the purpose of this Notification, the words and expressions used shall have the same meaning as
assigned to them in the Reserve Bank of India (Non-Banking Financial Companies – Registration,
Exemptions and Framework for Scale Based Regulation) Directions, 2025 dated November 28, 2025, as
amended from time to time.
3. This notification shall come into force on the 1st of July, 2026.
J. P. SHARMA, Chief General Manager-in Charge
[ADVT.-III/4/Exty./190/2026-27]
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