RBI bars Sachin Bansal’s Navi Finserv, 3 other NBFCs

RBI bars Sachin Bansal’s Navi Finserv, 3 other NBFCs

MUMBAI: RBI has ordered four non-banking finance companies to “cease and desist from sanction and disbursal of loans” due to regulatory violations. The NBFCs are Asirvad Micro Finance, Arohan Financial Services, DMI Finance, and Navi Finserv. RBI’s move come after repeated warnings about excessive pricing and failure to ensure borrowers’ repayment capacity.The pricing policies of…

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