Top NBFCs seek RBI meeting over proposed revolving credit ban: Report
India's leading NBFCs, including Bajaj Finance, Tata Capital and Shriram Finance, are seeking an RBI meeting to oppose proposed restrictions on revolving credit products, The Economic Times reported. They plan to submit their concerns through Finance Industry Development Council. The rules could disrupt over ₹2 lakh crore of lending, while putting NBFCs at a disadvantage to banks.
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