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
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It’s good that RBI is taking action to protect consumers, this security free loan thing is getting too out of hand
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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
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Rabbul Hussian
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The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years.
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Protect Your Business with Besolve’s Cybersecurity Services! 🛡️
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Apple Takes Major Action, Bans 135,000 Apps from the App Store!
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Navi has built a personal loan book size exceeding ₹10,439 crore and has an Asset Under Management (AUM) of ₹11,725 crore. The company charges interest rates as high as 45% on loans. For home loans, it's reported that they require full access to pers
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Atharva Deshmukh
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Have studied about Monetary Policy in short and it's effect.
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While setting the int