NBFCs Request RBI to Reconsider Proposed Ban on Revolving Credit Products
India's largest non-banking finance companies (NBFCs), including Bajaj Finance, Tata Capital, and Shriram Finance, have requested the Reserve Bank of India (RBI) to reconsider its proposed blanket ban on revolving credit products. The NBFCs, through the Finance Industry Development Council, argue that the restriction could disrupt credit worth over Rs 2 lakh crore and limit financing access for micro, small, and medium enterprises (MSMEs) and individuals. They seek a meeting with RBI officials to discuss the amendment's impact on credit growth, borrower access, competition, and the non-bank lending sector.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is negative (38/100). Lens Score 49/100.
Outlets measured: economictimes, economictimes. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (32–45/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
economictimes broke this story on 16 Aug, 07:31 pm. Other outlets followed.
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