The Reserve Bank of India has released draft securitisation directions for public feedback. These new guidelines aim to improve efficiency, liquidity, and transparency in the issuance and transfer of Securitisation Notes (SNs). The RBI published these draft amendments on its official website and invites stakeholder comments by August 27, 2026.
Key Details of the Draft Securitisation Directions
The RBI has issued four separate draft amendment directions covering different categories of financial institutions. These cover commercial banks, small finance banks, non-banking financial companies (NBFCs), and all India financial institutions. Each entity type receives a tailored set of proposed amendments under the 2026 framework.
Additionally, the directions target the full lifecycle of securitisation notes. Therefore, both the initial issuance and subsequent transfers of SNs fall under the revised regulatory scope. This broader coverage reflects the RBI’s intent to strengthen oversight across the securitisation market.
How to Submit Your Feedback on the Draft Securitisation Directions
Stakeholders and members of the public can submit comments through the ‘Connect2Regulate’ section on the RBI’s official website. However, those who prefer offline submission can send written feedback directly to the Chief General Manager, Credit Risk Group, Department of Regulation, Reserve Bank of India, 12th/13th Floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Email submissions are also accepted.
The deadline for all comments is August 27, 2026. As a result, banks, NBFCs, and other financial institutions should review the draft directions promptly. Missing the consultation window means losing the opportunity to shape the final guidelines.
Why This Matters for Indian Banking
Securitisation plays a vital role in Indian credit markets. For example, it allows banks and NBFCs to free up capital by converting loan portfolios into tradeable securities. Meanwhile, clearer and more transparent rules can attract greater investor participation in this segment.
The draft securitisation directions signal the RBI’s continued focus on modernising financial regulation. Therefore, all regulated entities involved in securitisation transactions should treat this consultation as a priority. Engaging early in the process can help institutions align their operations with the upcoming framework well before implementation.
The announcement was made by Brij Raj, Chief General Manager, as part of Press Release 2026-2027/766. For full details, visit the official RBI press release.
Source: RBI Press Releases
