Press Release: 2025-2026/63, Dated 09.04.2025
The Reserve Bank of India (RBI) has released the ‘Statement on Developmental and Regulatory Policies’ outlining measures on Regulations, Payment Systems, and Fintech. The key highlights include:
(a) Draft Framework to Facilitate Securitisation of Stressed Assets
A prudently structured securitisation transaction can aid in resolving stressed assets by improving risk distribution and offering lenders an exit route. To this end, RBI released a discussion paper in January 2023 seeking stakeholder feedback. Based on the inputs received, a draft framework for the securitisation of stressed assets is now issued for public comment.
(b) Comprehensive Framework for Co-Lending Among Regulated Entities
Currently, co-lending guidelines apply only to bank-NBFC partnerships for priority sector lending. Given the evolving landscape and broader potential of such models, RBI has now proposed a generic regulatory framework covering all co-lending arrangements among regulated entities.
(c) Unified Regulatory Framework for Lending Against Gold Jewellery
RBI has proposed comprehensive regulations on loans against gold jewellery to harmonise prudential and conduct norms across all regulated entities (REs), considering their risk profiles. This move aims to address observed concerns and ensure uniformity.
(d) Enhancing UPI Transaction Limits for Person-to-Merchant Payments
Currently, Unified Payments Interface (UPI) transactions are capped at Rs. 1 lakh, with certain Person-to-Merchant (P2M) use cases allowed higher limits of up to Rs. 2 lakh or Rs. 5 lakh. To support evolving requirements, the NPCI, in consultation with banks and other stakeholders, may revise P2M limits with appropriate safeguards. Banks may continue to set internal limits within the overall cap prescribed by NPCI. Person-to-Person (P2P) transactions will continue to be capped at Rs. 1 lakh.
(e) ‘On Tap’ Application Facility under Theme-Neutral Regulatory Sandbox
The Reserve Bank of India has been operating the Regulatory Sandbox (RS) framework since 2019, with four thematic cohorts completed and a fifth theme-neutral cohort currently open until May 2025. To further encourage innovation, it is now proposed to make the sandbox both ‘Theme Neutral’ and ‘On Tap’, allowing continuous submission of applications for eligible products within RBI’s regulatory scope. This move aims to support ongoing FinTech innovation and adapt to the dynamic regulatory environment.
Click Here To Read The Full Press Release
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