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 removes supervisory curbs on Asirvad and DMI Finance
1 day ago · RBI removes supervisory curbs on Asirvad and DMI Finance ... Bloomberg News reported that Arohan too had delayed its $200-million initial public offering plan after RBI's restrictions.
RBI lifts restrictions imposed on Asirvad ... - Business Standard
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 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 lifts restrictions on Asirvad Micro Finance, DMI Finance
1 day ago · The Reserve Bank of India (RBI) has decided to lift restrictions placed on Asirvad Micro Finance and DMI Finance, with immediate effect, which was initially imposed in October 2024. On October 21, 2024, RBI imposed restrictions on the sanction and disbursal of loans on these two entities.
Reserve Bank of India lifts restrictions on Asirvad Micro Finance, …
3 hours ago · It issued a cease and desist order from loan sanctioning in October 2024. The Reserve Bank of India (RBI) has lifted restrictions on Asirvad Micro Finance Limited and DMI Finance Private Limited, effective immediately.. On 17 October 2024, the RBI issued an order directing both companies to cease and desist from loan sanctioning and disbursal activities, a directive that took effect on 21 October.
RBI lifts supervisory restrictions imposed on Asirvad Micro …
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 Business Restrictions On Asirvad Microfinance, DMI …
1 day ago · The Reserve Bank of India has lifted lending restrictions on Asirvad Micro Finance and DMI Finance Private Limited with immediate effect, the central bank said in a statement. The restrictions were removed after the RBI was satisfied with both the companies’ submissions and their adoption of revamped processes and systems and commitment to ...
RBI lifts restrictions on Asirvad, DMI Finance - Banking & Finance News …
1 day ago · The Reserve Bank of India on Wednesday lifted supervisory restrictions on Asirvad Micro Finance and DMI Finance. Restrictions were imposed on these NBFCs in October 2024. “Now, having satisfied ...
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.
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