RBI Ends Sanctions on Asirvad and DMI

RBI Ends Sanctions on Asirvad and DMI for Fair Pricing Compliance
The Reserve Bank of India (RBI) has announced the immediate removal of restrictions on two non-banking financial companies (NBFCs) – Chennai-based Asirvad Micro Finance and Delhi-based DMI Finance. These restrictions,
RBI allows Asirvad, DMI Finance to resume lending operations
The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.
India's central bank lifts lending ban on Asirvad Micro Finance, DMI Finance
India's central bank said on Wednesday it has removed restrictions imposed on non-banking financial companies (NBFCs), Asirvad Micro Finance and DMI Finance, against any fresh loan sanctions and disbursals with immediate effect.
Manappuram Finance - RBI Lifts Ban On Asirvad With Immediate Effect; A Positive Development: Motilal Oswal
While Asirvad is expected to witness a gradual improvement in new business volumes, it will still have to weather the industry-wide asset quality stress in the MFI sector, says Motilal Oswal.
RBI lifts restrictions on Asirvad, DMI Finance
On October 17, the apex bank had issued directions to the aforementioned microfinance institutions to cease the business of sanctioning and disbursing loans.
Reserve Bank Lifts Financial Restrictions on Key Firms
The Reserve Bank has removed business restrictions on Asirvad Micro Finance and DMI Finance after the firms addressed supervisory concerns, including unfair loan pricing. The companies showed compliance and revamped processes,
RBI Removes Business Restrictions On Asirvad Microfinance, DMI Finance
The RBI's decision to lift lending restrictions on Asirvad Micro Finance and DMI Finance followed a review of their revised processes, ensuring they meet the regulatory standards.
Manappuram Fin up 6% as RBI lifts restrictions on arm Asirvad Micro Finance
Reserve Bank of India (RBI) lifted restrictions on all four non-banking financial companies (NBFC) imposed in October for charging exorbitant interest rates to the borrowers
India's central bank lifts ban on Asirvad Micro Finance, DMI Finance
India's central bank said on Wednesday it has removed restrictions imposed on non-banking financial companies Asirvad Micro Finance and DMI Finance against any fresh loan sanctions and disbursals with immediate effect.
RBI Lifts Ban On Asirvad Micro Finance Limited, DMI Finance Private Limited - What Does This Mean?
The Reserve Bank of India, on Wednesday, lifted the restrictions imposed on in exercise of Asirvad Micro Finance Limited, DMI Finance Private Limited. Earlier this month, the central bank lifted the r
Why excitement in Manappuram stock post lifting of microfinance ban faded
Manappuram microfinance arm Asirvad is expected to witness a gradual improvement in new business volumes, but it remains to ...
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Manappuram Finance shares surge 6% after RBI relief to Asirvad, but there is a catch
Manappuram had acquired Asirvad in 2015. The unit contributes 25% to Manappuram's overall Assets Under Management (AUM).
Shares of smallcap NBFC major climbs over 6% in trade today; here's why
After the RBI lifted the ban on its microlending arm Asirvad Micro Finance, shares of Manappuram Finance gained over 6 per ...