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Development · 19 Aug 2026

The Reserve Bank of India is considering restricting access to revolving credit for nonbank financiers, proposing that shadow banks should only offer term loans with pre-determined repayment schedules while overdraft limits would be reserved for banks.

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The record

The Reserve Bank of India is considering restricting access to revolving credit for nonbank financiers, proposing that shadow banks should only offer term loans with pre-determined repayment schedules while overdraft limits would be reserved for banks.

indiatimes.com18 Aug 2026

The Reserve Bank of India proposed restricting nonbank financiers' access to revolving credit and flexi loans, reserving such flexible financing for deposit-taking institutions and credit-card issuers to prevent evergreening of bad debt.

indiatimes.com18 Aug 2026

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