Mumbai, Oct. 27 -- The Reserve Bank of India (RBI) has issued Draft NBFC (SBR) Amendment Directions, 2025. The Reserve Bank had issued Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023. Based on a review, it is proposed to amend certain provisions relating to the applicable risk weights for infrastructure exposures of NBFCs.

The proposed amendments noted that in Master Direction Chapter II, infrastructure projects that meet all the following criteria shall be classified as high-quality infrastructure projects:

a. The infrastructure project has completed at least one year of satisfactory operations post achievement of the date of completion of commercial operations.

b. The...