RBI Bans Flipkart founder Sachin Bansal’s Navi and Three Other NBFCs Over Pricing Policy Violations
17 Oct 2024
The Reserve Bank of India (RBI) has imposed a ban on four non-banking financial companies (NBFCs), including Navi Finserv, founded by Flipkart co-founder Sachin Bansal, from sanctioning and disbursing new loans. The ban, effective from October 21, 2024, also includes Asirvad Micro Finance, Arohan Financial Services, and DMI Finance Private....
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