RBI releases list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation for NBFCs
On August 6, 2026, the Reserve Bank of India (RBI) announced a series of regulatory updates, guidelines, and financial operations. Key among these was the release of the list of Non-Banking Financial Companies (NBFCs) in the Upper Layer (NBFC-UL) under Scale Based Regulation for the year 2026-27, based on financial data as of March 31, 2026. Additionally, the RBI initiated several public consultations, releasing draft directions on credit facilities for NBFCs, concentration risk management for rural co-operative banks, and guidelines for 'on tap' licensing of Urban Co-operative Banks (UCBs).
The central bank also issued final amendment directions regarding the conduct of regulated entities in loan recovery and the engagement of recovery agents, following a feedback period that began with a revised draft on May 20, 2026. In terms of enforcement, the RBI announced a monetary penalty of ₹40,000 on Kedarnath Urban Co-operative Bank Ltd. in Latur, Maharashtra, citing non-compliance with Know Your Customer (KYC) and Supervisory Action Framework (SAF) directions. The RBI also extended regulatory directions for Sri Guru Raghavendra Sahakara Bank Niyamitha in Bengaluru.
On the operational and macroeconomic front, the RBI announced an underwriting auction for the sale of ₹32,000 crore in Government Securities scheduled for August 7, 2026, and detailed its money market operations and a 4-day Variable Rate Reverse Repo (VRRR) auction. The bank also published data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB), and Rupee Denominated Bonds (RDB) for June 2026, alongside the results of several forward-looking surveys, including consumer confidence and inflation expectations. The draft guidelines and directions remain open for stakeholder feedback and public comments.
Timeline
6 Aug 2026
RBI releases list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation for NBFCs The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2026-27 with reference to financials as on March 31, 2026.
6 Aug 2026
RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026” The Reserve Bank of India today released the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026” .
6 Aug 2026
RBI imposes monetary penalty on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra The Reserve Bank of India (RBl) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹40,000/- (Rupees Forty Thousand only) on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’ and operational instructions issued under ‘Supervisory Action Framework (SAF)’.
6 Aug 2026
RBI Issues Amendment Directions on ‘Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents’ The Reserve Bank had issued the revised draft Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' on May 20, 2026 for seeking feedback from stakeholders.
6 Aug 2026
Review of Guidelines on Concentration Risk Management - Rural Co-operative Banks In pursuance of the announcement made with regard to the captioned subject in the Statement on Developmental and Regulatory Policies dated August 5, 2026 , the Reserve Bank of India has today issued the following draft Directions for public comments: Draft Reserve Bank of India (Rural Co-operative Banks – Concentration Risk Management) – Directions, 2026 to replace Reserve Bank of India (Rural Co-operative Banks – C
6 Aug 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru – Extension of Period The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru vide Directive No.
6 Aug 2026
Underwriting Auction for sale of Government Securities for ₹32,000 crore on August 07, 2026 Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on August 07, 2026 (Friday) .
6 Aug 2026
Money Market Operations as on August 05, 2026 (Amount in ₹ crore, Rate in Per cent) Money Markets @ Volume (One Leg) Weighted Average Rate Range A.
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Government Says
RBI releases list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation for NBFCs The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2026-27 with reference to financials as on March 31, 2026.
RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026” The Reserve Bank of India today released the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026” .
RBI imposes monetary penalty on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra The Reserve Bank of India (RBl) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹40,000/- (Rupees Forty Thousand only) on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’ and operational instructions issued under ‘Supervisory Action Framework (SAF)’.
RBI Issues Amendment Directions on ‘Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents’ The Reserve Bank had issued the revised draft Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' on May 20, 2026 for seeking feedback from stakeholders.
Review of Guidelines on Concentration Risk Management - Rural Co-operative Banks In pursuance of the announcement made with regard to the captioned subject in the Statement on Developmental and Regulatory Policies dated August 5, 2026 , the Reserve Bank of India has today issued the following draft Directions for public comments: Draft Reserve Bank of India (Rural Co-operative Banks – Concentration Risk Management) – Directions, 2026 to replace Reserve Bank of India (Rural Co-operative Banks – C
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru – Extension of Period The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru vide Directive No.
Underwriting Auction for sale of Government Securities for ₹32,000 crore on August 07, 2026 Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on August 07, 2026 (Friday) .
Money Market Operations as on August 05, 2026 (Amount in ₹ crore, Rate in Per cent) Money Markets @ Volume (One Leg) Weighted Average Rate Range A.
RBI releases the results of Forward Looking Surveys The Reserve Bank of India today released on its website the results of the following Surveys: Urban Consumer Confidence Survey (UCCS) – July 2026 Inflation Expectations Survey of Households (IESH) – July 2026 Rural Consumer Confidence Survey (RCCS) – July 2026 Survey of Professional Forecasters on Macroeconomic Indicators - Results of the 101st Round 1 Order Books, Inventories and Capacity Utilisation Survey on the Manufacturing sector for Q4:2
RBI releases data on ECB / FCCB / RDB for June 2026 The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of June 2026.
RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks Reserve Bank has today published draft guidelines for ‘on tap’ licensing of Urban Co-operative Banks for stakeholder consultation.
RBI to conduct 4-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 06, 2026 On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Thursday, August 06, 2026, as under: Sl.
Verifiable Facts
Checked against primary government documents only — not a claim, a confirmed record.
RBI releases list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation for NBFCs The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2026-27 with reference to financials as on March 31, 2026.
RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026” The Reserve Bank of India today released the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026” .
RBI imposes monetary penalty on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra The Reserve Bank of India (RBl) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹40,000/- (Rupees Forty Thousand only) on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’ and operational instructions issued under ‘Supervisory Action Framework (SAF)’.
RBI Issues Amendment Directions on ‘Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents’ The Reserve Bank had issued the revised draft Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' on May 20, 2026 for seeking feedback from stakeholders.
Review of Guidelines on Concentration Risk Management - Rural Co-operative Banks In pursuance of the announcement made with regard to the captioned subject in the Statement on Developmental and Regulatory Policies dated August 5, 2026 , the Reserve Bank of India has today issued the following draft Directions for public comments: Draft Reserve Bank of India (Rural Co-operative Banks – Concentration Risk Management) – Directions, 2026 to replace Reserve Bank of India (Rural Co-operative Banks – C
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru – Extension of Period The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru vide Directive No.
Underwriting Auction for sale of Government Securities for ₹32,000 crore on August 07, 2026 Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on August 07, 2026 (Friday) .
Money Market Operations as on August 05, 2026 (Amount in ₹ crore, Rate in Per cent) Money Markets @ Volume (One Leg) Weighted Average Rate Range A.
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