RBI Bars 4 NBFCs for Violating Loan Pricing Regulations - Vajiram …
RBI barred four NBFCs, including Asirvad Micro Finance and Navi Finserv, for charging excessive interest rates that violated the central bank's pricing regulations. The RBI mandates transparency in pricing, which these NBFCs failed to comply with.
RBI Bars Asirvad Micro Finance, Sachin Bansal's Navi, 2 Others
Oct 18, 2024 · The Reserve Bank of India (RBI) on Thursday banned Asirvad Micro Finance, Arohan Financial Services, DMI Finance, and Navi Finserv from sanctioning and disburing loans due to pricing concerns. The business restrictions on these non-banking financial companies (NBFCs) apply with effect from October 21, 2024.
RBI lifts restrictions imposed on Asirvad ... - Business Standard
Jan 8, 2025 · The Reserve Bank of India (RBI) on Wednesday lifted restrictions imposed on Chennai based Asirvad Micro Finance and Delhi based DMI Finance, with immediate effect, after being satisfied with the actions taken by these companies to adhere to regulatory guidelines.
RBI Removes Business Restrictions On Asirvad Microfinance, DMI …
Jan 8, 2025 · On Oct. 17, the RBI had asked four non-banking financial companies—Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance—to cease and desist from sanctioning and disbursing loans from Oct. 21 as it found material supervisory concerns in relation to high lending rates.
RBI bars Sachin Bansal’s Navi Finserv, three other NBFCs from
Oct 17, 2024 · The RBI has barred Navi Finserv, DMI, Asirvad, and Arohan from issuing new loans, citing excessive interest rates and non-compliance with regulatory norms.
‘Excessive pricing’: RBI bars 4 NBFCs from giving loans | Business News …
Oct 18, 2024 · The Reserve Bank of India (RBI) has barred Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance and Navi Finserv from sanctioning and disbursing loans for violation of multiple rules, including excessive pricing of loans.
Manappuram Finance shares crash 15% as RBI whips subsidiary Asirvad …
Oct 18, 2024 · Manappuram Finance’s stock crashed around 15 percent in the morning trade on October 18, a day after the RBI barred the gold financier’s subsidiary Asirvad Microfinance and other NBFCs from ...
RBI bars Asirvad Micro Finance, Navi Finance, two other NBFCs
Oct 18, 2024 · MUMBAI: Within a fortnight off issuing a stern warning and asking to them to behave, the RBI on Thursday took stringent regulatory action against four non-bank lenders and a micro finance player,...
RBI removes sanctions on Asirvad Micro Finance and DMI Finance …
The Reserve Bank of India has lifted the restrictions on Asirvad Micro Finance and DMI Finance, effective immediately, following their corrective measures and compliance with regulatory guidelines.
Manappuram Finance Says No Discomfort From Lenders On Asirvad ...
Nov 6, 2024 · Manappuram Finance Ltd. said that despite the Reserve Bank of India imposing lending restrictions, lenders have not expressed any discomfort with its subsidiary, Asirvad Microfinance, as it has sufficient liquidity.
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