Story thread · 2 reports / 1 sources

RBI proposes ban on revolving credit by most NBFCs; only term loans to be allowed

businesstoday.in · 4dShare

Under the draft, NBFCs would be permitted to offer only term loan products and would no longer be allowed to provide revolving credit facilities. The restriction, however, would not apply to NBFCs that have been specifically authorised by the RBI to issue credit cards.

First report: RBI proposes uniform loan interest rate framework across banks, NBFCs; here's what investors should note — businesstoday.in, 6d