RBI proposes curbs on NBFC revolving credit, with card issuers exempt
The RBI has proposed barring NBFCs from offering revolving credit facilities, including working-capital and cash-credit limits, potentially tightening funding options for retailers and small businesses. RBI-authorised credit-card issuers would be exempt; stakeholder feedback is due August 28.
RBI has proposed barring NBFCs from offering revolving credit facilities, including working-capital and cash-credit limits. NBFCs would be limited to term loans, while RBI-authorised credit-card issuers are exempt.