RBI rejects easing of credit card rules, relaxes capital norms for borrowers

MUMBAI: The Reserve Bank of India (RBI) on Monday issued final rules on banks credit risk framework, tightening capital treatment for credit card borrowers while easing requirements for exposure to u… RBI’s final credit risk framework aligns with Basel standards, tightening scrutiny on card borrowers while easing capital and exposure rules for select corporate and retail segments.