Representation on Consolidation of Directions 

– Team Finserv | finserv@vinodkothari.com

In line with the Statement on Development and Regulatory Policies released by the Reserve Bank of India on October 10, 2025, we have submitted our representation on the draft directions issued thereunder. The submission presents our detailed observations, analysis, and suggestions aimed at facilitating the finalisation of a balanced and practical regulatory framework for Non-Banking Financial Companies (NBFCs).

Our recommendations are intended to support the regulatory objectives of transparency, prudence, and stability, while ensuring operational feasibility for the industry.