RBI's Loan Rules: NBFCs Choose Their Benchmark Recipe

Listen up, folks! The RBI just served up a spicy dish: NBFCs can choose their loan benchmarks. No more usurious rates on small loans, or you'll be left in the dust! By 2029, get your act together or face the music. This isn’t a free-for-all; it’s a finely tuned kitchen, and every lender better stick to the recipe!