The RBI is taking steps to restrict revolving credit, prompting analysts to examine how much exposure major non-banking financial companies (NBFCs) have to such credit. The change is focused on limiting the share of credit revolving structures within lenders’ portfolios.
According to IIFL, Bajaj Finance has the highest exposure to revolving credit, at about 15% of assets under management (AUM). Cholamandalam is reported to have the lowest exposure, at under 1% of AUM. Tata Capital is also among the companies highlighted by the same coverage as investors assess potential impact on earnings and portfolio composition.
Across the reporting, the core emphasis is on comparative exposure levels rather than reported outcomes yet. The outlets note that the regulatory direction is meant to control risk associated with revolving credit products, and that companies with higher revolving shares may face more noticeable adjustments. However, the specific implementation details and the immediate financial impact are not described in the provided excerpts.
