1. RBI Draft Amendments: Dematerialisation and Minimum Ticket Size Requirements for Securitisation Notes
Introduction
On July 27, 2026, the Reserve Bank of India (“RBI”) issued four draft amendment directio-ns pertaining to Commercial Banks, Small Finance Banks, Non-Banking Financial Companies (“NBFCs”) and All India Finan-cial Institutions (“AIFIs”), proposing changes to the respective Securitisation Transactions Directions, 2025 governing each category of regulated entity. The proposed amendments seek to improve efficiency, liquidity and transp-arency in the issuance and subsequent transfer of Securitisation Notes (“SNs”). The Directi-ons are presently at the draft stage and open for stakeholder comments until August 27, 2026. If finalised, the proposed amendments are scheduled to come into effect from October 1, 2026.