RBI bars Sachin Bansal’s Navi Finserv, 3 others from sanctioning and disbursing loans
Ankush Verma, Published on Oct 17th, 2024
Sachin Bansal's fintech venture Navi Finserv, Asirvad Micro Finance, Arohan Financial Services, and DMI Finance have been barred by RBI from sanctioning and disbursing loans from October 21. The RBI's action is in response to excessive interest rates and non-compliance with its regulations. The NBFCs were found to have pricing policies that violated RBI guidelines.
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