The RBI said it has taken this step in accordance with Section 45L(1)(b) of the Reserve Bank of India Act, 1934, and targets NBFCs like Asirvad Micro Finance Limited, Arohan Financial Services Limited ...

The other two companies are Manappuram Finance-promoted Asirvad Micro Finance Ltd and Kolkata-based MFI Arohan Financial Services Ltd. The RBI’s directive comes into effect from the close of business ...

The RBI has asked Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance to 'cease and desist' sanction and disbursal of loans. The move came as the central bank over the past ...

The Reserve Bank of India (RBI) has issued a directive to four non-banking financial companies (NBFCs), including DMI Finance—backed by MUFG Bank—and NAVI, led by Sachin Bansal, to cease loan ...

Reserve Bank of India (RBI) has issued a cease and desist order to several NBFCs, including DMI Finance and Navi Finserv, due to supervisory concerns related to their pricing policies.

New Delhi-based DMI Finance was founded in 2008 by former Citigroup executives Shivashish Chatterjee and Yuvraj C Singh. Its investors include Japanese banking behemoths Sumitomo Mitsui Trust Bank Ltd ...

DMI Finance appointed Niraj Khandelwal as group chief financial officer and Rachit Gupta as group treasury head While Khandelwal previously worked with Credit Suisse as the head of financial ...

DMI Finance, which raised Rs 2,798 crore in equity investment from Mitsubishi UFJ Financial Group Inc in August, has added two senior executives to its leadership team. The company has appointed Niraj ...