RBI Declares Term Loans Only for NBFCs — Revolving Credit Out

So, the RBI just pulled a fast one: NBFCs are now strictly term-loan-only. Revolving credit? That’s so last season—unless you’re rocking a credit card. Think of it like a phone that only charges once; once it’s drained, it’s done! Got thoughts? You’ve got till 2026 to spill. Until then, keep those term loans in your pocket and your credit cards at the ready.