💨 Abstract

The Reserve Bank of India (RBI) has lifted restrictions imposed on Asirvad Micro Finance and DMI Finance in October 2024, following their remedial actions and compliance submissions. The decision was made due to the companies' adoption of revamped processes and commitment to adhere to regulatory guidelines. Similar restrictions on Navi Finserv Pvt Ltd and Arohan Financial Services Limited were also previously lifted.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖