RBI Ends Sanctions on Asirvad and DMI

RBI Ends Sanctions on Asirvad and DMI for Fair Pricing Compliance
The Reserve Bank of India (RBI) has announced the immediate removal of restrictions on two non-banking financial companies (NBFCs) – Chennai-based Asirvad Micro Finance and Delhi-based DMI Finance. These restrictions,
RBI Lifts Loan Restrictions On Asirvad Micro Finance And DMI Finance
In a significant regulatory relief, the Reserve Bank of India (RBI) has lifted the supervisory restrictions on Asirvad Micro Finance and DMI Finance Private, effective immediately. The curbs, imposed in October 2024,
India's central bank lifts ban on Asirvad Micro Finance, DMI Finance
India's central bank said on Wednesday it has removed restrictions imposed on non-banking financial companies Asirvad Micro Finance and DMI Finance against any fresh loan sanctions and disbursals with immediate effect.
Reserve Bank Lifts Financial Restrictions on Key Firms
The Reserve Bank has removed business restrictions on Asirvad Micro Finance and DMI Finance after the firms addressed supervisory concerns, including unfair loan pricing. The companies showed compliance and revamped processes,
RBI removes supervisory curbs on Asirvad and DMI Finance
RBI said in a statement that it is satisfied with the companies’ submissions over their revamped processes, and commitment to adhere to regulatory guidelines on an ongoing basis.
Manappuram Fin up 6% as RBI lifts restrictions on arm Asirvad Micro Finance
Reserve Bank of India (RBI) lifted restrictions on all four non-banking financial companies (NBFC) imposed in October for charging exorbitant interest rates to the borrowers
Manappuram Finance shares rally over 5% after RBI lifts restrictions on Asirvad Micro Finance
Morgan Stanley highlighted that the RBI has lifted restrictions on Asirvad Micro Finance with immediate effect. Morgan Stanley has factored in approximately 10% provisions for the MFI loan book for FY25-27 due to the previous embargo.
India's central bank lifts lending ban on Asirvad Micro Finance, DMI Finance
India's central bank said on Wednesday it has removed restrictions imposed on non-banking financial companies (NBFCs), Asirvad Micro Finance and DMI Finance, against any fresh loan sanctions and disbursals with immediate effect.
RBI lifts restrictions on Asirvad, DMI Finance
On October 17, the apex bank had issued directions to the aforementioned microfinance institutions to cease the business of sanctioning and disbursing loans.
RBI Lifts Ban On Asirvad Micro Finance Limited, DMI Finance Private Limited - What Does This Mean?
The Reserve Bank of India, on Wednesday, lifted the restrictions imposed on in exercise of Asirvad Micro Finance Limited, DMI Finance Private Limited. Earlier this month, the central bank lifted the r
India's Manappuram Finance surges after central bank lifts ban on unit
Shares of Indian gold loan financier Manappuram Finance rose as much as 6% on Thursday, a day after the country's central bank removed restrictions imposed on the company's unit. The Reserve Bank of India (RBI) had in October barred four non-banking financial companies (NBFCs),
Shares of smallcap NBFC major climbs over 6% in trade today; here's why
After the RBI lifted the ban on its microlending arm Asirvad Micro Finance, shares of Manappuram Finance gained over 6 per ...
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Manappuram Finance shares surge 6% after RBI relief to Asirvad, but there is a catch
Manappuram had acquired Asirvad in 2015. The unit contributes 25% to Manappuram's overall Assets Under Management (AUM).
Why excitement in Manappuram stock post lifting of microfinance ban faded
Manappuram microfinance arm Asirvad is expected to witness a gradual improvement in new business volumes, but it remains to ...