💨 Abstract

The Reserve Bank of India (RBI) has lifted restrictions on four Non-Banking Financial Companies (NBFCs) – Asirvad Micro Finance and DMI Finance – against fresh loan sanctions and disbursals. The decision follows the companies' remedial measures and compliance reports, addressing concerns over "usurious" pricing and high markups. The RBI had previously removed lending restrictions on Navi Finserv and Arohan Financial Services.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖