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NBFCs have to restrict their lending only to term loans; cannot offer ‘revolving credit’: RBI Draft Directions
RBI mandates NBFCs to limit lending to term loans, prohibiting revolving credit, with exceptions for authorized credit card issuers.
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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…
