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Permissible forms of business can be undertaken by banks departmentally or through a separate group entity as per the regulations contained in the Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016

In order to ringfence the banks’ core business from other risk bearing non-core businesses as well as to provide level playing field to all the banks, the Reserve Bank, vide a draft circular has proposed to review the extant regulatory framework contained in paragraph 4 of the Master Directions11 Paragraphs 4 of the Master Directions consolidates the regulations on forms of business that can be undertaken by banks. .

The comments on the draft circular closed on 20 November 2024.

To access the text of the amendment

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