RBI allows NBFCs to open branches without prior approval
This story was originally published at 22:37 IST on 15 April 2026
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--RBI issues amended norms on opening of branches by NBFCs
--RBI:Amended norms on NBFCs' branch authorisation to take effect immediately
MUMBAI – The Reserve Bank of India Wednesday proposed permitting non-bank financial companies to open branches without having the need to obtain its prior approval, unless otherwise specifically restricted. The amended norms for the opening of branches by NBFCs will take effect immediately, according to the RBI release.
On Feb. 6, RBI Governor Sanjay Malhotra had said some NBFCs will be exempted from the requirement of registration with the RBI. The regulator had proposed exempting NBFCs with no public funds from registration. End
Reported by Simran Rede
Edited by Akul Nishant Akhoury
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