The Reserve Bank of India issued the All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy Directions, 2025 on November 28, 2025, exercising powers under Section 45L of the RBI Act, 1934. The Directions come into effect immediately and establish a prudential framework to ensure adequate capitalisation and financial resilience of All India Financial Institutions. They apply uniformly to key development finance institutions, including EXIM Bank, NABARD, NHB, SIDBI, and NaBFID. By prescribing capital adequacy norms, the RBI aims to strengthen risk management, safeguard depositor and systemic interests, and align AIFIs with sound financial sector policies. The Directions underscore the regulator’s focus on maintaining stability and confidence in institutions that play a critical role in financing exports, agriculture, housing, MSMEs, and infrastructure. Overall, the framework provides regulatory clarity and reinforces prudential oversight to support sustainable lending and long-term financial stability across the development finance ecosystem.
RESERVE BANK OF INDIA
RBI/DOR/2025-26/321
DOR.CAP.REC.240/21-01-002/2025-26 | Dated: November 28, 2025
Reserve Bank of India (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy) Directions, 2025
In exercise of the powers conferred by Section 45L of the Reserve Bank of India Act, 1934, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest and in the interest of financial sector policy 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 (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy) Directions, 2025.
2. These Directions shall come into effect immediately upon issuance.
B . Applicability
3. These Directions shall be applicable to All India Financial Institutions (hereinafter collectively referred to as ‘AIFIs’ and individually as a ‘AIFI’), viz., Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), Small Industries Development Bank of India (SIDBI), and National Bank for Financing Infrastructure and Development (NaBFID).
Read Full text of the Notification: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/321MDD26060BC94C943C8B5907F5E328E0F1B.PDF
