RBI bars Navi Finserv, 3 other NBFCs
RBI Orders 4 NBFCs, Including Navi Finserv, To Halt Loan Disbursals Over Supervisory Concerns
The companies flagged include Bengaluru-based Navi Finserv, New Delhi-based DMI Finance, Kolkata-based Arohan Financial Services, and Chennai-based Asirvad Micro Finance
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 takes action against 4 NBFCs, cease them from loan disbursal
According to the RBI, in addition to charging excessively high prices, these NBFCs were found to be not following regulatory guidelines on evaluating household income and factoring in current or future monthly repayment responsibilities for their microfinance loans.
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 regu
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,
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RBI takes action against 4 NBFCs: Check what it means for customers
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RBI bars Navi Finserv, 3 other NBFCs from sanctioning and disbursing loans
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RBI takes action against 4 NBFCs over excessive interest rates, non-compliance with financial regulations on loans
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Manappuram Finance shares hit 15% lower circuit after RBI restrictions, multiple downgrades
Shares of Manappuram Finance plummeted 15% after the RBI imposed restrictions on four NBFCs, including Asirvad Micro Finance.
Manappuram Finance Share Price: RBI Crackdown On Arm Asirvad Microfinance Triggers Sharp Fall In Stock
The Reserve Bank of Indias (RBI) recent crackdown on Asirvad Microfinance, a subsidiary of Manappuram Finance, has sent ...