RBI updates SBR Master Directions to align it with recent Notifications on “Treatment of Right-Of-Use Asset For Regulatory Capital Purposes” and “Government Debt Relief Schemes”

The Reserve Bank of India has updated the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 (“SBR Master Direction”) to include the following changes:

1. The 2023 SBR Master Direction has been updated to incorporate the changes brought in by the RBI notification on “Treatment of Right-Of-Use (Rou) Asset For Regulatory Capital Purposes”.
2. With the present updation, NBFCs have to comply with the instructions contained in RBI notification on Government Debt Relief Schemes (DRS).

Please refer to the hyperlink below for a detailed read of the updated version of the SBR Master Direction.

Source: Reserve Bank of India