Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

left arrow Oct 27, 2026

Draft Directions Restricting Revolving Credit Products by NBFCs

On August 6, 2026, the Reserve Bank of India (‘RBI’) issued the draft RBI (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026, inviting comments by August 28, 2026.

The draft proposes that non-banking financial companies (‘NBFCs’) offer only term loans, i.e., fund-based facilities of a fixed principal amount where:

i.     the sanctioned limit is disbursed in one or more instalments and repaid under a predetermined amortisation schedule, either as periodic instalments or as a bullet on the stated due date(s); and

ii.    once disbursed, the sanctioned limit cannot be restored/replenished upon repayment.

Accordingly, NBFCs (other credit card-issuing NBFCs) would be prohibited from offering revolving credit products, i.e., any fund-based facility that is not a term loan.

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DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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