Arohan Financial Services

RBI lifts loan disbursal restrictions on DMI Finance, Asirvad Micro Finance

RBI lifts loan disbursal restrictions on DMI Finance, Asirvad Micro Finance

09 Jan 2025, 23:44 PM

In October, the banking regulator had barred four NBFCs to "cease and desist" from sanction and disbursal of loans.

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

18 Oct 2024, 00:50 AM

This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.

Fintech Highlights

  1. MobiKwik-backed Blostem bags seed funding

  2. MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

  3. Jio Financial pumps Rs 190 crore into payments bank

  4. Net1 exits MobiKwik after 8-year investment, books a loss

  5. PB Fintech co-founders sell over Rs 900 crore worth of shares
  6. Read more highlights...

AI/Emerging Tech

  1. AI Mode, ChatGPT or Perplexity - who's best at keeping kids active indoors on hot days

  2. Over 40% of agentic AI projects to be scrapped by 2027-end: Gartner

  3. At a Glance: AI Data Labeling companies beyond Scale AI

  4. Darwix AI bags seed funding

  5. Google plans to snap ties with Scale AI after Meta's "significant" investment
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case