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.

Oct 19, 2024 - 17:57
 0  1
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.

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