Draft Amendment Directions for Registration Exemption for Small NBFCs without Public Funds: The draft proposes exemption from registration under Section 45IA of the RBI Act, 1934 for eligible NBFCs not availing public funds and not having customer interface, with asset size below Rs 1,000 crore. Such entities will be classified as ‘Unregistered Type I NBFCs’, subject to conditions including annual Board resolution, disclosure in financial statements, and auditor certification. Existing eligible NBFCs, including those holding Type I registration, may apply for deregistration. The comments/ feedback from stakeholders is invited.
(Link: Draft Amendment Directions, Press Release Dated 10/02/2026)