RBI Takes Action Against 4 NBFCs Over Excessive Interest Rates, Non-Compliance With Financial Regulations On Loans
New Delhi: The Reserve Bank of India (RBI) has directed four non-banking financial companies (NBFCs), including two microfinance institutions (MFIs), to halt the sanction and disbursal of new loans starting on concerns over their excessive interest rates and non-compliance with established financial regulations. According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited […]