The Reserve Bank of India (RBI) on February 26, 2026, issued the Reserve Bank of India (Non-Banking Financial Companies – Miscellaneous) Amendment Directions, 2026, further to amend the Reserve Bank of India (Non-Banking Financial Companies – Miscellaneous) Directions, 2025.
The following has been stated:
• The amendment permits NUCFDC to make private placement offers of equity shares to more than 200 persons in a financial year, notwithstanding the restriction under the Companies Act, 2013, and the Companies (Prospectus and Allotment of Securities) Rules, 2014, subject to specified conditions. Such offers can be made only to UCBs and the National Co-operative Development Corporation (NCDC).
• NUCFDC shall adopt a Board-approved resource planning policy, ensure compliance with all statutory and RBI regulatory requirements, clearly state compliance obligations for subscribing UCBs, and refrain from granting loans or financial accommodation against its own shares. The proceeds raised shall be used strictly in line with its RBI-approved mandate.
• Additionally, NUCFDC is required to submit quarterly reports to RBI detailing equity raised and subscriber information.
• These special provisions will remain effective until March 31, 2029, unless modified, withdrawn, or extended earlier by the RBI.
[Notification no. - RBI/DoR/2025-26/224 DoR.GOV.REC.No.414/18.10.008/2025-26]
