RBI's Bold Move: NBFCs Get to Choose Loan Rates!

Listen up, folks! The RBI just dropped a game-changing draft: NBFCs can now pick whether to link loans to external benchmarks! No more usurious rates on small loans, and all loans under ₹50,000 must play fair! By April 1, 2029, everyone’s gotta get in line, or they’ll feel The Rock’s wrath! Know your rates, know your rights, and get ready to electrify the lending game!