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Credit cards a good carrot for NBFCs amid tightening regulation

The change will mean that NBFCs can now earn interest income on their credit cards as the credit would be from their own balance sheet 

April 25, 2022 / 09:04 AM IST
Credit cards a good carrot for NBFCs amid tightening regulation

India’s non-bank finance companies (NBFC) are fast losing their advantage over banks in terms of regulation, which is set to put pressure on their growth even though it fortifies their balance sheets and guards the financial system against instability. While the Reserve Bank of India (RBI) tightened yet another rule for NBFCs last week, it also opened a window of opportunity by giving a proverbial carrot. In the master directions covering issuance of credit and debit cards, the regulator has...

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