RBI lifts restrictions on Asirvad, DMI Finance - Banking & Finance News …
1 day ago · RBI lifts restrictions on Asirvad, DMI Finance On October 17, the apex bank had issued directions to the aforementioned microfinance institutions to cease the business of sanctioning and ...
RBI lifts ban on NBFCs Asirvad Micro Finance and DMI Finance
1 day ago · The Reserve Bank of India lifted restrictions on Asirvad Micro Finance and DMI Finance. These restrictions had been imposed in October 2024 due to non-compliance with regulatory guidelines. After remedial measures and compliance reports were submitted by the companies, the central bank reviewed and approved the changes, allowing them to resume loan sanctioning and disbursal.
RBI Lifts Supervisory Restrictions On DMI Finance, Asirvad
1 day ago · The Reserve Bank of India has removed restrictions on loan sanction and disbursal for Asirvad Micro Finance and DMI Finance, citing compliance with regulatory guidelines. The RBI's actions in October 2024 were prompted by observations regarding the companies' Weighted Average Lending Rate (WALR) and ...
RBI lifts supervisory restrictions imposed on Asirvad Micro Finance …
1 day ago · The Reserve Bank of India (RBI) has lifted supervisory restrictions on Chennai-based Asirvad Micro Finance Ltd and New Delhi-based DMI Finance Private Ltd. The Central bank had directed the ...
RBI removes sanctions on Asirvad Micro Finance and DMI Finance
1 day ago · India Business News: The Reserve Bank of India has lifted the restrictions on Asirvad Micro Finance and DMI Finance, effective immediately, following their corrective meas
RBI removes supervisory curbs on Asirvad and DMI Finance
1 day ago · Listed NBFC Manappuram Finance holds over 98 percent stake in the MFI arm Asirvad Micro Finance, and Moneycontrol was first to report that its proposed public issue was deferred by the promoter ...
RBI lifts restrictions imposed on Asirvad Microfinance and DMI …
1 day ago · 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. “…having satisfied itself ...
RBI lifts lending restrictions placed on microfinance lender …
6 days ago · The Reserve Bank of India (RBI) has lifted the lending restrictions placed on Arohan Financial Services with immediate effect after the microfinance lender ensured fairness in the loan pricing.
RBI takes action against Asirvad Micro Finance, Arohan Financial ...
Oct 18, 2024 · The Reserve Bank of India (RBI) has taken strict regulatory action against four Non-Banking Financial Companies (NBFCs), halting their loan sanctioning and disbursal activities starting from October 21, 2024.
RBI takes action against 4 NBFCs for disbursal of loans
Oct 17, 2024 · The Reserve Bank of India has imposed business restrictions on four non-banking finance companies (NBFCs) – Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance Pvt Ltd and Navi...