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The Economic Times
The Economic Times

Not much concerned on proposed NBFC norms, revolving credit exposure below 5%: Tata Capital CEO

Mumbai: The revolving credit exposure for non-bank lender Tata Capital is less than 5 per cent, and the company will submit its feedback to the Reserve Bank of India (RBI) on the draft norms, a top official said on Tuesday.

On August 6, the central bank proposed that non-banking finance companies should offer credit products which are like term loans and shall not offer any revolving credit products.

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