Not much concerned on proposed NBFC norms, revolving credit exposure below 5%: Tata Capital CEO
Tata Capital's revolving credit exposure remains below five percent of its total lending. The company will submit its feedback to the Reserve Bank of India on proposed new regulations. These draft norms suggest non-banking finance companies should not offer revolving credit products. Tata Capital's managing director stated the current exposure is not a significant percentage. The financial institution is still gathering data for its comprehensive response to the regulator.
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