The Draft Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Amendment Directions, 2026 proposes a standalone and more comprehensive framework governing recovery of loan dues and engagement of recovery agencies by NBFCs. The amendment directions is stated to have been issued in exercise of the RBI’s powers under Sections 45JA, 45L and … Continue reading RBI Tightens NBFC Recovery Governance; Shift Primary Accountability From Recovery-Agent Oversight to End-to-End NBFC