RBI bars Navi, DMI Finance and two other NBFCs from sanctioning loans
The central bank has blamed the four non-banking financial companies of ‘usurious pricing’ and non-adherence to regulatory guidelines.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Exclusive: Sanjiv Bajaj’s Bajaj Finserv needs to be in everything, everywhere all at once
The financial services group has gone way beyond loans and insurance to MFs, broking, platform services and even venture investing. All while keeping its core values intact.
Amid results showing signs of recovery, Vijay Shekhar Sharma teases a return for Paytm wallets
They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.
Exits not enough, RBI wants IndusInd Bank to do more
After the derivatives hedging fiasco triggered the resignations of top executives, indications are that the regulator expects the private lender’s board to do a thorough cleanup.