NBFCs have to restrict their lending only to term loans; cannot offer ‘revolving credit’: RBI Draft Directions
· thehindubusinessline.com
RBI mandates NBFCs to limit lending to term loans, prohibiting revolving credit, with exceptions for authorized credit card issuers.
Non-banking finance companies (NBFCs) have to restrict their lending activity only to term loans and cannot offer “revolving credit” products, per RBI’s d...