RBI has banned four NBFCs from issuing loans, including DMI Finance, Navi Finserv, Asirvad Finance, and Arohan Financial. The ban will take effect from October 21, 2024.
Anonymous 1
Hey I am on Medial • 6m
It’s good that RBI is taking action to protect consumers, this security free loan thing is getting too out of hand
0 replies
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This is seriously getting out of hand.
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Is it possible to receive a loan with a 7% interest rate without security?
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one thing is
i realised
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Rohan Saha
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why the RBI isn't taking any action against P2P platforms for accepting lenders' money on their own balance sheets. According to RBI guidelines, P2P platforms cannot accept money on their own balance sheet or provide rapid liquidity to any lender, ye