*RBI Draft Proposal Seeks to Restrict NBFCs from Offering Revolving Credit Without Approval* The Reserve Bank of India (RBI) has proposed changes to the lending framework for Non-Banking Financial Companies (NBFCs). The draft seeks to restrict revolving credit facilities without prior regulatory approval. *Read More*: https://thekanal.in/en-IN/details/rbi-draft-proposal-seeks-to-restrict-nbfcs-from-offering-revolving-credit-without-approval-71925 #banking