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Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI's new proposal for NBFCs
Shares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively barring revolving credit products. The proposal exempts NBFCs authorised to issue credit cards and is aimed at strengthening prudential norms while encouraging innovation in lending.
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economictimes.indiatimes.com
RBI plans to bar NBFCs from offering revolving credit without approval
In a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, NBFCs will be restricted to providing…
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timesofindia.indiatimes.com
RBI bars NBFCs from offering revolving credit facilities
MUMBAI: RBI has proposed a sweeping overhaul of credit facility norms for non-banking financial companies, mandating a shift to term-loan structures while prohibiting most forms…
