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Sachin Bansal, Navi Finserv
India’s central bank orders Sachin Bansal’s Navi to halt loans
India’s central bank ordered four non-bank lenders, including Navi Finserv and DMI Finance, to halt loans from October 21, citing excessive interest rates and regulatory breaches.
Sachin Bansal's Troubles Mount as RBI Bars Navi Finserv from Issuing New Loans
Earlier this month, in RBI monetary policy committee meeting, governor Shaktikanta Das issued a strong warning to non-banking lenders, especially microfinance institutions and housing finance companies, for aggressively chasing “growth at any cost” that could threaten the economy’s financial stability.
Why Flipkart Founder Sachin Bansal's Navi App Cannot Disburse Loans From October 21? Find Out!
The reason behind the ban is due to concern related to the pricing policy of these companies in terms of their lending rates, which are found to be excessive.
Goldman Sachs Joins Navi Finserv's Expansion with USD 24.5 Mn Loan Securitization
The funds raised will support Navi's mission to simplify access to finance, enhance its operations with robust underwriting practices, and broaden financial inclusion by providing seamless credit and exceptional customer service.
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 Stops Loan Disbursement by Four NBFCs Including Navi Finserv Over Regulatory Breaches
The RBI halted the lending operations of these companies as it flagged serious supervisory concerns about their pricing Policies, particularly excessive interest spreads and violations of the Weighted Average Lending Rate (WALR) rules.
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.
21h
RBI ban on Navi, three more NBFCs leaves fintechs worried
RBI on Thursday barred Bengaluru headquartered-Navi Finserv and three more NBFCs to stop disbursing loans from October 21 ...
8h
on MSN
Navi Mumbai: Khopta Residents Protest 9 Months After Fatal Bus Accident, Demand Compensation And Job For Victim's Kin
Nine months after a Khopta resident was mowed down by a Navi Mumbai Municipal Transport (NMMT), residents stage a protest ...
3d
AMD's Navi 44 "RDNA 4" GPU package size could be much smaller than Navi 33
Navi 44 will reportedly feature a package size of just 29 x 29 mm, or 841 sq mm. This makes it approximately 31 percent ...
1d
Barclays Gives a Hold Rating to Navient (NAVI)
In a report released today, Terry Ma from Barclays assigned a Hold rating to Navient (NAVI – Research Report), with a price target of ...
9d
Sui to Make Native USDC Available Through NAVI Protocol
In its pursuit to provide the highest level of asset composability on the Sui network, the NAVI Protocol will fully integrate ...
1d
on MSN
Navi Mumbai: 3-Month-Old Infant From Bhopal Undergoes Successful Endoscopic Surgery For Craniosynostosis At Apollo Hospitals
A three month old infant from Bhopal has become the second case of Western Zone to undergo Endoscopic surgery for ...
19h
CIDCO Lottery 2024: How to apply for Navi Mumbai housing scheme; check eligibility, documents required, key dates & more
The scheme was launched by the City and Industrial Development Corporation of Maharashtra Limited (CIDCO) in October 2024.
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