The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions. The process of issuing Master Directions involves issuing one Master Direction for each subject matter covering all instructions on that subject. Any change in the rules, regulation or policy is communicated during the year by way of circulars/press releases. The Master Directions will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. All the changes will get reflected in the Master Directions available on the RBI website along with the dates on which changes are made. Explanations of rules and regulations will be issued by way of Frequently Asked Questions (FAQs) after issue of the Master Directions in easy to understand language wherever necessary. The existing set of Master Circulars issued on various subjects will stand withdrawn with the issue of the Master Direction on the subject.

Co-operative Banking
Jul 15, 2024
Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)	397 kb
Commercial Banking
Jul 15, 2024
Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions	445 kb
Feb 27, 2024
Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions - 2024	2066 kb
Nov 07, 2023
Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices	425 kb
Feb 18, 2021
Master Direction on Digital Payment Security Controls	261 kb
Jul 01, 2016
Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs (Updated as on July 03, 2017)	232 kb
Non-Banking
Jul 15, 2024
Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)	399 kb
Jun 08, 2017
Master Direction - Information Technology Framework for the NBFC Sector	254 kb
Sep 29, 2016
Master Direction - Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016	236 kb
Master Direction - Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016	160 kb
Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016	148 kb