This restriction, however, will not apply to NBFCs already authorised to issue credit cards, the central bank said.This means "NBFCs shall only offer credit products which are in the nature of term loans and shall not offer any revolving credit products. Provided that the aforesaid restriction shall not be applicable to an NBFC authorised by the Reserve Bank to issue credit cards," the central bank said in the circular, inviting comments from stakeholders.Live EventsThe amendment will come into force immed ...