RBI bans four finance companies from sanctioning and disbursing new loans
The Reserve Bank of India has banned four finance companies, including Navi Finserv and DMI Finance, from issuing new loans due to excessive interest rates. This follows warnings about aggressive growth practices.
RBI takes action against 4 NBFCs, cease them from loan disbursal
The RBI has taken significant action against four NBFCs in accordance with Section 45L(1)(b) of the Reserve Bank of India Act, 1934. Directions have been issued to Asirvad Micro Finance Limited ...
RBI Takes Major Action Against 4 NBFC-Micro Finance Companies, Loans To Be Halted After October 21 | Paisa Live
The Reserve Bank of India (RBI) has taken significant action against four non-banking financial companies (NBFCs) and microfinance institutions (MFIs). Effective October 21, 2024, the RBI has decided to impose a ban on loan approvals and disbursements for these NBFCs.
RBI Takes Action Against 4 NBFCs Over Excessive Interest Rates, Non-Compliance With Financial Regulations On Loans
These business restrictions aim to address several supervisory concerns observed during inspections and data analysis.
RBI bars Navi Finserv, DMI Finance and 2 other NBFCs from loan sanction, disbursal
The Reserve Bank of India (RBI) on Thursday took action against four NBFCs -- Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance and Navi Finserv -- citing material
RBI bars Navi Finserv, 3 other NBFCs from disbursal of loans
The Reserve Bank on Thursday ordered Sachin Bansal's Navi Finserv and three other NBFCs to cease and desist from sanction and disbursal of loans effective from the close of business of October 21, on material supervisory concerns,
RBI suspends loan sanction, disbursal of 4 NBFCs over compliance issues
The RBI has barred four NBFCs, including Navi Finserv and Asirvad MFI, from issuing loans due to excessive lending rates, non-compliance with income assessment norms, and other regulatory breaches.
RBI bars Sachin Bansal’s Navi Finserv, 3 others from sanction of loans
Besides Navi Finserv, others who have been barred by the RBI include Asirvad Micro Finance, Arohan Financial Services and DMI Finance Private.
RBI stops 4 NBFCs, including Sachin Bansal’s Navi, from disbursing loans
The non-banks lenders include former Flipkart founder Sachin Bansal-led Navi Finserv, DMI Finance, Asirvad Micro Finance and Arohan Financial Services. The banking regulator says this action is based on material supervisory concerns observed in the Pricing Policy of these companies in terms of their Weighted Average Lending Rate (WALR) and the Interest Spread charged over their cost of funds,
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RBI Bars Sachin Bansal’s Navi Finserv From Disbursing Loans
RBI has directed Navi Finserv and three other NBFCs to immediately stop sanctioning and disbursing loans due to supervisory ...
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Why has RBI again cautioned NBFCs not to cross regulatory redlines
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