RBI's Enchantment: Term Loans Only for NBFCs, No Credit Cards

In a spellbinding announcement, the Reserve Bank of India has declared that non-banking financial companies must now conjure only term loans, casting aside the dark arts of revolving credit! Only the valiant SBI Card and BoB Cards may continue to wield credit cards. Witches and wizards are invited to share their thoughts on this magical decree by August 28, 2026, lest they remain trapped in the mundane realm of finance!