Non-banks seek RBI clarity on revolving credit and MSME exemptions
Non-banks have asked the Reserve Bank of India (RBI) for clarity on the definition of revolving credit and exemptions for MSME-focused products, including supply-chain finance and invoice discounting.
Mumbai, Sept.
2 -- Non-banks have sought clarity from the Reserve Bank of India (RBI) on the definition of revolving credit and exemptions for certain micro, small, and medium enterprise (MSME)-focused products, including supply-chain finance and invoice discounting, after the central bank proposed…