RBI officials hold a meeting with heads of non-banking financial companies (NBFCs) to discuss draft guidelines covering revolving credit products and related compliance expectations. The discussions focus on how NBFCs should manage risks that can arise when introducing new offerings and business models.
According to the accounts, RBI encourages NBFCs to identify risks from new products and operational approaches at an early stage and to ensure appropriate controls are in place. Outlets describe the meeting as part of the central bank’s broader effort to shape regulatory guidance for NBFC activities, particularly where revolving credit features and consumer-facing mechanisms can create heightened oversight needs.
While the sources presented here do not provide detailed text of the draft rules or specific proposals, they agree on the overall theme: RBI is seeking stronger compliance readiness and earlier risk detection by NBFCs in relation to revolving credit frameworks.
