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Part 11 — Reference

RBI Circular Index

This index deduplicates the RBI directions, circulars, regulations and Acts cited in Parts 01-10. Non-RBI statutes are included where the docs cite them as lending, security, recovery or insolvency source law.

InstrumentDateLinkUsed in
Reserve Bank of India (Digital Lending) Directions, 20258 May 2025RBIDigital lending directions, Regulatory guardrails applied, Module map
Reserve Bank of India (Co-Lending Arrangements) Directions, 20256 August 2025RBICo-lending directions, Co-lending business, Colending partner module
Co-Lending by Banks and NBFCs to Priority Sector5 November 2020RBICo-lending business
Guidelines on Digital Lending2 September 2022RBI source consolidated by 2025 directionsDigital lending directions
Guidelines on Default Loss Guarantee (DLG) in Digital Lending8 June 2023RBI source consolidated by 2025 directionsDigital lending directions
Loans sourced by Banks and NBFCs over Digital Lending Platforms: Adherence to Fair Practices Code and Outsourcing Guidelines24 June 2020RBI source consolidated by 2025 directionsDigital lending directions

KYC, AML, Credit Information and Customer Conduct

Section titled “KYC, AML, Credit Information and Customer Conduct”
InstrumentDateLinkUsed in
Master Direction - Know Your Customer (KYC) Direction, 201625 February 2016, updatedRBIKYC/AML, KYC onboarding, Domain model core
Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 202512 June 2025RBIKYC/AML
Updation/Periodic Updation of KYC - Revised Instructions12 June 2025RBIKYC/AML
Operationalisation of Central KYC Records Registry (CKYCR)8 July 2016RBIIndia Stack lending, Integration catalog
Master Direction - Reserve Bank of India (Credit Information Reporting) Directions, 20256 January 2025RBIUnderwriting data, Bureau report anatomy
Credit Information Companies (Regulation) Act, 200523 June 2005India CodeRegulatory architecture, Underwriting data
Key Facts Statement (KFS) for Loans & Advances15 April 2024RBIConduct rules, Digital lending directions
Key Facts Statement (KFS) for Loans & Advances15 April 2024RBI alternate cited URLDocumentation & security, Pricing & ALM, Compliance hooks
Fair Lending Practice - Penal Charges in Loan Accounts18 August 2023RBIConduct rules, Digital lending directions
Extension of Timeline for Penal Charges Instructions29 December 2023RBIConduct rules
Master Direction on Internal Ombudsman for Regulated Entities, 202329 December 2023RBIGovernance & other directions
Complaint Management System / Reserve Bank - Integrated Ombudsman Scheme routeCurrent portalRBI CMSGovernance & other directions

NBFC, Governance, Outsourcing, IT and Audit

Section titled “NBFC, Governance, Outsourcing, IT and Audit”
InstrumentDateLinkUsed in
Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 202319 October 2023RBINBFC regulation, Regulatory architecture, Org structure
RBI press release on NBFC-Upper Layer methodology and government-owned NBFC amendments24 June 2026RBIRegulatory architecture, NBFC regulation
Compliance Function and Role of Chief Compliance Officer - NBFCs11 April 2022RBIOrg structure, Ops & control roles, Actors & permissions
Risk-Based Internal Audit for select NBFCs and UCBs3 February 2021RBIOrg structure, RACI matrix
Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents12 August 2022RBICollections compliance, Collections operations, Workflow specs
Reserve Bank of India (Information Technology Governance, Risk, Controls and Assurance Practices) Directions, 20237 November 2023RBIOps & control roles, Nonfunctionals & regulatory constraints
Outsourcing of Information Technology Services Directions, 202310 April 2023RBINonfunctionals & regulatory constraints
Master Direction - Filing of Supervisory Returns, 202427 February 2024RBICompliance hooks
Compensation of Whole Time Directors/CEOs/Material Risk Takers and Control Function Staff - clarification30 August 2021RBICredit risk roles

MSME, Priority Sector, Guarantees and Working Capital

Section titled “MSME, Priority Sector, Guarantees and Working Capital”
InstrumentDateLinkUsed in
Classification of MSMEs, RBI/2023-24/100, FIDD.MSME & NFS.BC.No.13/06.02.31/2023-2428 December 2023RBIMSME definition, Evolution & trends
Modified Notification on Revision of MSME Definition Effective From 01.04.202521 March 2025Udyam circularsMSME definition
Master Directions - Reserve Bank of India (Priority Sector Lending - Targets and Classification) Directions, 202524 March 2025RBIPSL & guarantee schemes, Product taxonomy, Invoice & supply-chain finance
Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector24 July 2017, updated 9 February 2026RBIWorking capital, Product taxonomy, LAP secured
Master Circular - Management of Advances - UCBs1 April 2025RBIWorking capital, Sanction, Monitoring & EWS
Master Circular on Management of Advances - UCBs, turnover method illustration1 July 2009RBIWorking capital
Master Circular - Lending to MSME Sector, Nayak Committee background1 July 2010RBIWorking capital
CGTMSE credit facilities, guarantee coverage and fee circulars2025 updates citedCGTMSEPSL & guarantee schemes, Guarantees, LC & schemes
Pradhan Mantri MUDRA Yojana frameworkCurrent DFS page; limit update 25 October 2024 citedDFSGuarantees, LC & schemes

IRAC, Provisioning, Resolution and Stressed Assets

Section titled “IRAC, Provisioning, Resolution and Stressed Assets”
InstrumentDateLinkUsed in
Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances1 April 2025RBIMonitoring & EWS, Delinquency fundamentals, Provisioning & P&L impact
Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Clarifications12 November 2021RBIDelinquency fundamentals, State machines
Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Clarifications15 February 2022RBIDelinquency fundamentals
Reserve Bank of India (Commercial Banks - Income Recognition, Asset Classification and Provisioning) Directions, 20252025Public mirror citedIRAC provisioning
Reserve Bank of India (Commercial Banks - Asset Classification, Provisioning and Income Recognition) Directions, 20262026; effective 1 April 2027Public mirror citedIRAC provisioning, Provisioning & P&L impact
Prudential Framework for Resolution of Stressed Assets7 June 2019RBISettlements & OTS
Treatment of Wilful Defaulters and Large Defaulters Directions30 July 2024RBIFraud typologies, Settlements & OTS
Provisioning for Standard Assets by NBFC-Upper Layer6 June 2022RBIScorecards & models

Products, Trade Finance, TReDS and Transfer

Section titled “Products, Trade Finance, TReDS and Transfer”
InstrumentDateLinkUsed in
Registration of Factors (Reserve Bank) Regulations, 202214 January 2022RBIInvoice & supply-chain finance
TReDS FAQ1 January 2020RBIInvoice & supply-chain finance
Priority Sector Lending status for Factoring Transactions11 August 2016RBIInvoice & supply-chain finance
Master Circular - Guarantees and Co-acceptances1 April 2024RBIGuarantees, LC & schemes
Discontinuance of Letters of Undertaking and Letters of Comfort for Trade Credits, A.P. (DIR Series) Circular No. 2013 March 2018RBIGuarantees, LC & schemes
Transfer of Loan Exposures Directions24 September 2021, updated 28 December 2023RBI cited URLRepossession & asset sale
NBFC Asset Liability Management Master DirectionCurrent cited directionRBIPricing & ALM

Recovery, Security, Insolvency and Other Acts

Section titled “Recovery, Security, Insolvency and Other Acts”
InstrumentDateLinkUsed in
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)2002India CodeLegal toolkit, Repossession & asset sale, Documentation & security
SARFAESI Act, section 20 - Central Registry2002India CodeDocumentation & security, India Stack lending
Negotiable Instruments Act, 1881, section 1381881India CodeLegal toolkit
Arbitration and Conciliation Act, 19961996India CodeLegal toolkit
Recovery of Debts and Bankruptcy Act, 19931993India CodeLegal toolkit
Legal Services Authorities Act, 1987, sections 19-211987India CodeLegal toolkit
Insolvency and Bankruptcy Code, 20162016India CodeLegal toolkit, Special workflows
Factoring Regulation Act, 20112011India CodeInvoice & supply-chain finance
Companies Act, 2013, section 77 - Registration of charges2013India CodeDocumentation & security
Banking Regulation Act, 19491949Authority cited in RBI directionsRegulatory architecture
Reserve Bank of India Act, 19341934Authority cited in RBI directionsRegulatory architecture
National Housing Bank Act, 19871987Authority cited in RBI directionsRegulatory architecture
InstrumentDateLinkUsed in
Fraud Risk Management in NBFCs Directions, 202415 July 2024RBIFraud typologies
Fraud Risk Management in Commercial Banks and AIFIs Directions, 202415 July 2024RBIFraud typologies
FAQs on Fraud Risk Management Directions22 April 2025RBIFraud typologies