RBI Tightens NBFC Rules: New Guidelines on Revolving Credit, Compliance and Risk Controls
The Reserve Bank of India (RBI) has sought feedback from non-banking financial companies (NBFCs) on proposed rules governing revolving credit facilities, while calling for stronger compliance, internal audit and risk-management systems across the sector. The move comes as NBFCs increasingly expand into technology-driven lending products and business models, raising concerns about whether internal controls and … Read more
