RBI Welcomes NBFCs to Term Money Market, Volumes Set to Soar

The Reserve Bank of India is rolling out the red carpet for NBFCs in the term money market! This dazzling move could pump market volumes by a jaw-dropping 40-60% in the first year. With AAA-rated NBFCs likely to snag better rates, we're looking at a liquidity fiesta where more players mean more fun. Just remember, lending without a cape is a rookie mistake!