Draft RBI (NBFC-Responsible Business Conduct) Directions, 2026-Key...

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2026-05-27 05:47:06 - Translate -

Draft RBI (NBFC-Responsible Business Conduct) Directions, 2026-Key Amendments

The Draft Directions introduce enhanced compliance obligations in relation to engagement of recovery agencies. NBFCs are now required to ensure that recovery agents engaged by recovery agencies possess certification from the Indian Institute of Banking and Finance upon successful completion of the prescribed Debt Recovery Agent training programme.

https://www.corporateprofessionals.com/articles/draft-rbi-nbfc-responsible-business-conduct-directions-2026-key-amendments/

Draft RBI (NBFC-Responsible Business Conduct) Directions, 2026-Key AmendmentsThe Draft Directions introduce enhanced compliance obligations in relation to engagement of recovery agencies. NBFCs are now required to ensure that recovery agents engaged by recovery agencies possess certification from the Indian Institute of Banking and Finance upon successful completion of the prescribed Debt Recovery Agent training programme. https://www.corporateprofessionals.com/articles/draft-rbi-nbfc-responsible-business-conduct-directions-2026-key-amendments/

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Draft RBI (NBFC-Responsible Business Conduct) Directions, 2026-Key Amendments - Corporate Professionals

The Reserve Bank of India (“RBI”) has issued the Draft Responsible Business Conduct Directions, 2026 (“Draft Directions”) on May 20, 2026, proposing conduct-related obligations, standardize recovery practices and enhance accountability for Non-Banking Financial Companies (“NBFCs”) and their recovery agents. While the RBI (NBFC– Responsible Business Conduct) Directions, 2025 (“Existing Directions”) already prescribe comprehensive requirements relating … Continue reading ""

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