The Reserve Bank of India has issued the Small Finance Banks – Miscellaneous Directions, 2025, aimed at addressing diverse operational and regulatory matters for Small Finance Banks. Issued under the powers of the Banking Regulation Act, 1949, these directions come into immediate effect and apply to all Small Finance Banks. While primarily focused on ensuring sound governance, operational efficiency, and regulatory compliance, specific provisions—such as those relating to the reporting of corporate bond transactions—are directed at Primary Dealers. By consolidating miscellaneous requirements into a single directive, the RBI seeks to clarify expectations and standardize practices across the sector. The directions form part of RBI’s broader regulatory framework to maintain financial stability, enforce compliance, and uphold public interest in banking operations. These guidelines ensure that Small Finance Banks operate consistently with statutory obligations while facilitating transparency, accountability, and adherence to prudential norms in day-to-day banking activities.
RESERVE BANK OF INDIA
RBI/DoR/2025-26/204
DoR. SOG(SPE).REC.No.123/13-04-001/2025-26 | Dated: November 28, 2025
Reserve Bank of India (Small Finance Banks – Miscellaneous) Directions, 2025
In exercise of the powers conferred by Section 26A and Section 35A of the Banking Regulation Act, 1949, and all other provisions / laws enabling the Reserve Bank of India (‘RBI’) in this regard, RBI being satisfied that it is necessary and expedient in the public interest so to do, hereby issues the Directions hereinafter specified.
Chapter I – Preliminary
A. Short Title and Commencement
1. These Directions shall be called the Reserve Bank of India (Small Finance Banks – Miscellaneous) Directions, 2025.
2. These Directions shall come into force with immediate effect.
B. Applicability
3. These Directions shall be applicable to Small Finance Banks (hereinafter collectively referred to as ‘banks’ and individually as a ‘bank’).
Provided that, directions contained in paragraph 36 relating to reporting of corporate bond transactions shall apply on to Primary Dealers.
Read Full text of the Notification: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/204MD.pdf
