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275 stories in Economy & Policy · showing 201–240 · page 6 of 7

RBI NBFC revolving credit draft shown as a reusable credit loop converting into a term-loan repayment path
Economy & PolicyWatch

RBI’s revolving-credit draft could reshape ₹2 lakh crore of NBFC lending: what is actually proposed — and what is not banned yet

RBI’s August 6 draft would limit most NBFC credit products to term loans and prohibit revolving-credit products, while exempting NBFCs authorised to issue credit cards. Industry estimates say established affected products exceed ₹2 lakh crore of AUM. Comments close August 28 — but this is still a draft, not an operative ban.

RBIPrimary source