RBI Shuts Down Revolving Credit for NBFCs, Only Term Loans Now

Hold up! RBI just flipped the script on NBFCs! As of Thursday, they’re saying, "No more revolving credit for you!" Only term loans allowed, unless you’re one of the chosen few with a credit card. Just two NBFCs in that exclusive club: SBI Card and BoB Cards. Mark your calendars for feedback until 2026, but honestly, who’s counting? This is wild!