Dmi Finance

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, 19:14 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

17 Oct 2024, 21:20 PM

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

Fintech Hightlights

  1. Groww gets CCI approval to issue bonus shares to Peak XV, Tiger Global, others

  2. MobiKwik reports Rs 1.26 crore fraud by ex-employee

  3. smallcase raises $50 million led by Elev8 Venture Partners

  4. Fintech infra firm OneStack raises $2 million in Series A

  5. Fintech NBFCs sanctioned 8.3 crore loans worth Rs 81,365 crore between Apr-Dec 2024
  6. Read more highlights...

Editor's Pick

  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

  3. Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?