It has also sought a restoration of risk weights on NBFCs where majority of the lender's loan book consists of MSME, vehicle and other categories of loans that have been excluded from the purview of the RBI circular.
"While we understand the purpose of the bank to regulate credit flow to the consumer sector, this measure inadvertently also has the potential to sharply reduce flow of credit to MSMEs, self-employed and other sectors," FIDC said in a letter sent to RBI on Thursday.
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