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.
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.
RBI removes supervisory curbs on Asirvad and DMI Finance
RBI said in a statement that it is satisfied with the companies’ submissions over their revamped processes, and commitment to adhere to regulatory guidelines on an ongoing basis.
RBI Lifts Loan Restrictions On Asirvad Micro Finance And DMI Finance
In a significant regulatory relief, the Reserve Bank of India (RBI) has lifted the supervisory restrictions on Asirvad Micro Finance and DMI Finance Private, effective immediately. The curbs, imposed in October 2024,
RBI Lifts Restrictions on Asirvad Micro Finance and DMI Finance
The Reserve Bank of India has removed restrictions on Asirvad Micro Finance and DMI Finance following satisfactory compliance with RBI guidelines. The initial restrictions were imposed in October 2024,
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.
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
RBI Should Allow More Rupee Volatility, Ex-Central Banker Says
A former Reserve Bank of India official said the authority should ease its tight grip on the rupee, a view that comes amid ...
Five Guardians 2025 season predictions, from Lane Thomas’ RBI total to Jose Ramirez’s homers: Paul Hoynes
Jim Thome owns the Guards’ franchise record in homers with 337. I predict that Jose Ramirez, by the end of 2025 season, will ...
CBI/RBI Schemes: Opportunities, Risks And The Need For AML Compliance
CBI/RBI schemes, once intended and designed to facilitate the diversification of less privileged countries' economies, are ...
Rupee slips to record low but likely RBI intervention caps losses
The Indian rupee slipped to an all-time low in early trade on Monday, pressured by broad-based dollar bids while likely ...
Complaints about credit score not addressed? Here’s what RBI has told banks and credit information firms to do
What is a credit score – and why is it important? What’s a good credit score? Why has the central bank stepped in, and what ...
RBI introduces new credit report rules: Know how it will affect your credit score
The Reserve Bank of India has updated the rules for credit report updates. Under the new rule, each individual's credit score ...
RBI's credit reporting rules: How would this affect loan borrowers; check details
This shift from the previous monthly cycle ensures a more accurate and up-to-date reflection of borrowers' financial ...
Expect RBI to cut interest rates next month; Budget must focus on job creation: CII president
CII expects the RBI to cut interest rates next month to support growth. CII President Sanjiv Puri highlights the need for job ...