RBI updates SBR Master Direction directing all NBFCs to comply with the recently issued RBI Directions pertaining to Digital Lending, Pre-Payment charges on loans, Project Finance etc.

The Reserve Bank of India has updated the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 (“Directions”) to ensure that all the Non-Banking Financial Companies  (“NBFCs”) comply with the recently issued RBI Directions pertaining to Digital Lending, Pre-Payment charges on loans, Project Finance among others. Accordingly, these directions have been incorporated in the aforementioned RBI Directions.

Source: Reserve Bank of India