RBI bans Flipkart founder Sachin Bansal’s Navi, here’s what the bank’s statement reads – Times of India
The Reserve Bank of India (RBI) has banned four non-banking financial companies (NBFCs) to cease and desist from sanction and disbursal of loans, effective October 21, 2024. The NBFCs include Asirvad Micro Finance, Arohan Financial Services, DMI Finance Private and Flipkart founder Sachin Bansal’s Navi Finserv.In a statement, the central bank said that the “action…
