RBI Circular 169/2026 Dated 01/01/2026 – Amendment to RBI NBFC- Concentration Risk Management Directions  

The amendment inserts a provision to paragraph 4(4), which provides for the definition of “Infrastructure Lending”, and specify the criteria for classifying as lending to ‘high-quality infrastructure projects’. The criteria specified e.g. the infrastructure project has completed at least 1 year of operations post achievement of the date of completion of commercial operations, without breach of any material covenants stipulated by the lenders; the exposure is classified as ‘standard’ in the books of the lender; the borrower has sufficient internal or external financial arrangements to cover current and future working capital and other funding requirements of the project.

(Link: RBI Circular 169/2025 Dated 01/01/2026)

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