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RBI, sachin bansal
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
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 From Disbursing Loans
RBI has directed Navi Finserv and three other NBFCs to immediately stop sanctioning and disbursing loans due to supervisory concerns.
RBI bars Sachin Bansal's Navi Finserv, three other NBFCs from lending over pricing violations
The RBI has barred Navi Finserv, DMI, Asirvad, and Arohan from issuing new loans, citing excessive interest rates and non-compliance with regulatory norms.
RBI orders ‘cease and desist’ on 4 NBFCs for usurious pricing
RBI orders cease and desist against 4 NBFCs for usurious pricing and regulatory deviations, effective October 21.
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.
‘Excessive pricing’: RBI bars 4 NBFCs from giving loans
This action is based on material supervisory concerns observed in the pricing policy of these companies in terms of their Weighted Average Lending Rate and the interest spread charged over their cost of funds,
RBI Orders Navi Finserv And Three NBFCs To Halt Loan Disbursements Amid Pricing Concerns
The Reserve Bank of India has ordered Navi Finserv and three other NBFCs to cease loan sanctioning and disbursal by October 21, citing concerns over excessive pricing and regulatory non-compliance. The restrictions aim to ensure fair practices,
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 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 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.
9h
on MSN
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.
Deccan Chronicle
6h
RBI, banks urge people, traders to accept Rs 10 coins
Warangal: Despite several awareness programmes by banks stating that `10 coins are legal tender and must be accepted for ...
2d
RBI Deputy Sees CPI at Target on ‘Durable Basis’ by Next Year
India’s inflation will likely move toward the 4% target on a “durable basis” in the coming fiscal year, the central bank’s ...
Opinion
6h
Opinion
Careful about AI, it's legit caveat from RBI
AI has the potential to revolutionise the 21st century like the steam engine did for the 19th century. However, the ...
10d
India central bank seen on hold, but may open door to easing
India's central bank is likely to keep rates steady on Wednesday, with a small number of investors betting on the probability ...
11h
on MSN
RBI Summer Internship 2024: Registration Link Active at rbi.org.in, Check Stipend, Eligibility and Other Details
The Reserve Bank of India (RBI) has started accepting the online application for summer internship at ...
1d
Rang De, Faircent face RBI scrutiny in crackdown on peer-to-peer lenders
The banking regulator has issued notices to six more peer-to-peer lending platforms for various violations, but is yet to ...
23h
As rupee slides, RBI weighs securities threat on Bond Street
Officials from RBIs Financial Markets Regulation Department (FMRD) have informally spoken to banks, particularly foreign ...
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