The Reserve Bank of India, on Thursday, barred four non-banking financial companies from sanctioning and disbursing loans from Oct. 21 as it found material supervisory concerns in relation to high lending rates.
The RBI has asked Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance to ‘cease and desist’ sanction and disbursal of loans.
#rbi #manappuramfinance #shaktikantadas
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