NBFCs seek RBI rethink on revolving credit curb

Non-banking financial companies (NBFCs) in India are asking the Reserve Bank of India (RBI) to reconsider its decision to limit revolving credit, a type of loan that allows borrowers to repeatedly draw down funds. This move is a response to concerns that the RBI's curb will negatively impact NBFCs' ability to provide credit to consumers and businesses. The outcome of this request could have significant implications for the availability of credit in the Indian economy.

Why it matters

The NBFCs' request for a rethink on the revolving credit curb may lead to changes in the regulatory framework. However, the outcome is uncertain and may not have a significant impact on the market.

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