RBI mandates NBFCs to limit lending to term loans, prohibiting revolving credit, with exceptions for authorized credit card issuers. For the full story, visit the source.
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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.
By BL Mumbai Bureau· BusinessLine· 2 months ago· 2 min read
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