RBI Says Goodbye to Revolving Credit for NBFCs

The RBI is shaking things up! They announced that NBFCs can only offer term loans now—no more revolving credit unless you're in the exclusive credit card club. So, if you're not part of that lucky group, it's all about fixed loans for you! Just a heads-up: once you pay it back, that money doesn't magically reappear. Feedback is due by August 2026, so get your thoughts in!