NBFCs’ supply-chain finance offerings face possible RBI restrictions

/ Compliance, CredAble, credit lines, FIDC, Finance Industry Development Council, Financial Services, Fintech, lending regulations, NBFC, OfBusiness, Oxyzo, RBI, Reserve Bank of India, revolving credit, supply chain finance, working capital

An industry letter to the central bank has sought clarification on the regulator’s advice to some NBFCs to cease or modify their supply-chain finance products. The Reserve Bank of India is likely rethinking its stance on supply-chain finance products sold by non-banking financial companies. According to a letter addressed to the RBI by the Finance Industry Development Council, the central bank has advised some NBFCs to stop offering certain supply-chain finance products or modify them.

Published by: The Morning Context
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