RBI notification RBI/2026-27/76 · 29 Apr 2026
Summary
Check the official recordThe Reserve Bank of India repeals the Master Direction on relief measures by banks in areas affected by natural calamities. This repeal takes effect on July 01, 2026. The Reserve Bank of India replaces these directions with four new sets of directions. These new directions cover resolution of stressed assets, income recognition, asset classification, provisioning, responsible business conduct, and credit risk management. Actions taken under the repealed directions remain valid. Rights, obligations, and liabilities acquired under the old directions continue to exist. Investigations and legal proceedings initiated under the old directions continue as if the repeal did not occur.
What you must do
Key dates
Who is affected
If you do not comply
RBI/2026-27/76 DOR.STR.REC.65/21-04-048/2026-27 April 29, 2026
Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – SCBs Repeal Directions, 2026
The Reserve Bank of India being satisfied that it is necessary and expedient in the public interest to do so, hereby repeals Master Direction – Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – SCBs dated October 17, 2018 (FIDD.CO.FSD.BC No.9/05.10.001/2018-19). The Directions shall be replaced with the following Directions issued on April 29, 2026, with effect from July 01, 2026.
Reserve Bank of India (Commercial Banks – Resolution of Stressed Assets) Second Amendment Directions, 2026
Reserve Bank of India (Commercial Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026
Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Directions, Amendment Directions, 2026
Reserve Bank of India (Commercial Banks – Credit Risk Management) Third Amendment Directions, 2026
(1) any right, obligation or liability acquired, accrued, or incurred thereunder;
(2) any, penalty, forfeiture, or punishment incurred in respect of any contravention committed thereunder; and
(3) any investigation, legal proceeding, or remedy in respect of any such right, privilege, obligation, liability, penalty, forfeiture, or punishment as aforesaid; and any such investigation, legal proceedings or remedy may be instituted, continued, or enforced and any such penalty, forfeiture, or punishment may be imposed as if those directions, instructions, or guidelines had not been repealed.
(Vaibhav Chaturvedi)
Chief General Manager