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RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

17 Oct 2024 19:20 PM 1.33k views

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

Business

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Business

09 Oct 2024 12:41 PM 1.48k views

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

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#rbi

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

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How AI Is Helping Indian Shoppers in the USA

US revokes 85,000 visas as Trump administration intensifies security review

US offers $25 million reward as Iran names Mojtaba Khamenei supreme leader

PM Modi Meets Indian Paralympians: Celebrates Record 29 Medals from Paris Games

Ashwini Vaishnaw Slams Zuckerberg’s Claim on India’s 2024 Elections

"US Futures Decline Amid Anticipation of Federal Reserve Speeches and Economic Data"

Four killed, 12 injured in Leland, Mississippi shooting after homecoming game

Why the 50% Wage Rule is Impacting Your Take-Home Pay

Iran launches missile and drone attacks on UAE as US forces strike Iranian targets

San Francisco Police Officer Faces DUI Charges Following Serious Collision

#rbi

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

How AI Is Helping Indian Shoppers in the USA

US revokes 85,000 visas as Trump administration intensifies security review

US offers $25 million reward as Iran names Mojtaba Khamenei supreme leader

PM Modi Meets Indian Paralympians: Celebrates Record 29 Medals from Paris Games

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"US Futures Decline Amid Anticipation of Federal Reserve Speeches and Economic Data"

Four killed, 12 injured in Leland, Mississippi shooting after homecoming game

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