RBI issues updated master direction on non-deposit taking NBFC. By CA Satbir Singh | October 18, 2016 0 Comment (Last Updated On: October 18, 2016) Reserve Bank of IndiaMaster Direction – Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 (Updated as on October 17, 2016) Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 (Updated as on October 17, 2016)