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India's NBFC Body Asks RBI to Ease Restrictions on Revolving Credit
- 📣announcement
India's non-banking financial companies association urges RBI to relax revolving credit rules
The primary association representing India's non-banking financial companies officially requested the Reserve Bank of India to ease stringent regulatory restrictions on revolving credit products. Industry leaders argued that relaxing the guidelines will help revive consumer lending growth and ease credit accessibility.
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