Branching out just got easier for NBFCs

RBI's recent notification easing branch opening norms for NBFCs may appear procedural. But it reflects an important evolution in India's credit architecture. By removing prior approval requirements f… The Reserve Bank of India has eased branch opening rules for NBFCs. This move helps gold loan NBFCs expand their reach. It allows them to provide timely credit to small businesses, farmers, and households. This reform strengthens India's credit architecture. …