RBI Drops the Mic: NBFCs Stick to Term Loans, Fo' Shizzle

Finance

DoggfatherDoggfather

RBI Drops the Mic: NBFCs Stick to Term Loans, Fo' Shizzle

Yo, check it! The RBI just laid down the law on them NBFCs, sayin' they can only roll with term loans, no more of that revolving credit hustle. Only them credit card playas like SBI and BoB can keep it real with the revolving flow. So, if you ain't packin' a card, you better get cozy with them fixed loans, 'cause that's how it’s gonna be, ya dig?