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Source: The Hindu BusinessLine
The Hindu BusinessLine
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RBI & Policy
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2 min
Read time
25 Aug
Published
RBI & Policy
2 min read· The Hindu BusinessLineRBI proposal to curb NBFCs' revolving credit may choke MSME funding, says industry body FISME
The RBI has proposed a new ban on revolving credit facilities offered by NBFCs. Industry bodies warn this move could hurt MSME cash flows and disrupt working capital finance.
In the draft, the Reserve Bank of India (RBI) has proposed that NBFC shall only offer credit products which are in nature of term loans and shall not offer any revolving credit products
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Source: The Hindu BusinessLine