MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following notification:
RBI/2025-26/144
DOR.CRE.REC.350/07-02-003/2025-26
December 11, 2025
Reserve Bank of India (Local Area Banks - Credit Risk Management) - Amendment Directions, 2025
Please refer to Reserve Bank of India (Local Area Banks - Credit Risk Management) Directions, 2025 dated November 28, 2025 (hereinafter referred to as 'the Directions').
2. On a review, in exercise of the powers conferred by the sections 21 and 35A of the Banking Regulation Act, 1949 and all other provisions / laws enabling the Reserve Bank of India (hereinafter called the Reserve Bank) in this regard, the Reserve Bank being satisfied that it is necessary and expedient in the public interest s...