India’s central bank is contemplating changes to regulations on revolving-credit offerings, a move that could significantly affect key non-banking finance companies such as Bajaj Finance and Tata Capital, which hold substantial assets in these products.
India’s central bank is weighing a proposal that could reshape parts of the non-banking finance sector by tightening rules around revolving-credit products, a move that analysts say would hit lenders such as Bajaj Finance and Tata Capital most directly. According to the Economic Times’ BFSI report, revolving-credit offerings account for about 15% of Bajaj Finance’s consolidated assets under management and 20% on a standalone basis, leaving it among the most exposed to any change in how such products are treated.
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