RBI bars Navi Finserv, 3 other NBFCs
RBI bars Sachin Bansal’s Navi Finserv, three other NBFCs from lending over pricing violations
The RBI has barred Navi, DMI, Asirvad, and Arohan from issuing new loans, citing excessive interest rates and non-compliance with regulatory norms.
RBI bars Sachin Bansal's Navi Finserv, 3 other NBFCs
RBI orders four NBFCs, including Asirvad Micro Finance, Arohan Financial Services, DMI Finance, and Navi Finserv, to cease loan disbursals due to regulatory violations related to excessive pricing and improper borrower assessment.
RBI Bars 4 NBFCs From Loan Sanctioning, Disbursal Due To High Lending Rates
Navi Finserv, owned by Sachin Bansal, is among the four NBFCs affected by the Reserve Bank of India's regulatory intervention.
RBI orders ban on sanction and disbursal of loans from four NBFCs
The Reserve Bank of India has directed Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited, and Navi Finserv Limited to halt loan sanction and disbursement starting October 21,
RBI bars Asirvad MFI, Navi Finserv, two other NBFCs from loan sanction, disbursal effective from October 21
This action is based on material supervisory concerns observed in the Pricing Policy of these companies, says RBI
'Cease and desist...' - RBI's action against 4 NBFCs including Flipkart’s Sachin Bansal-led entity; reason?
Reserve Bank of India on Thursday issued directions to Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited and Bansal-led Navi Finserv Limited. The RBI has asked the non-banking finance companies to “cease and desist from sanction and disbursal of loans” with effect from next week.
RBI bans Flipkart founder Sachin Bansal’s Navi, here’s what the bank’s statement reads
The Reserve Bank of India has banned four NBFCs from issuing new loans starting October 21, 2024, citing excessive lending rates and non-compliance with regulations.
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,
RBI bars Navi Finserv, 3 other NBFCs from sanctioning and disbursing loans
During his monetary policy statement on October 8, RBI Governor Shaktikanta Das warned NBFCs, including MFIs, against chasing ...
Manappuram Finance shares in focus after RBI restrictions, multiple downgrades
Shares of Manappuram Finance are under scrutiny following the Reserve Bank of India's recent restrictions on the company, ...
Manappuram Finance shares crash 10% as RBI whips subsidiary Asirvad Microfinance
On October 17, the Reserve Bank of India took action against four NBFCs and NBFC-MFI citing material supervisory concerns, ...
devdiscourse14h
RBI Cracks Down on Non-Banking Lenders Over Pricing Concerns
The Reserve Bank of India has ordered Navi Finserv and three other NBFCs to halt loan operations due to concerns over ...
RBI takes action against 4 NBFCs over excessive interest rates, non-compliance with financial regulations on loans
According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited (Kolkata), DMI Finance Private Limited (New Delhi), and Navi Finserv Limited (Bengaluru) were directed to ...
ndtvprofit10m
Manappuram Finance Gets Multiple Downgrades As RBI Bars Unit's Lending Operations
The RBI has asked Manappuram Finance's subsidiary Asirvad Micro Finance to 'cease and desist' sanction and disbursal of loans ...
devdiscourse14h
RBI Halts Loan Sanctions of Four NBFCs Over Regulatory Non-Compliance
The Reserve Bank of India has directed four non-banking financial companies to stop issuing new loans due to high interest ...
Fintech firms’ NBFC co-lending biz under stress after RBI action
There could be a direct impact on co-lending arrangements after the Reserve Bank of India’s (RBI) action on Navi and DMI ...