Home Economy RBI lifts ban on NBFCs Asirvad Micro Finance and DMI Finance
Economy - January 8, 2025

RBI lifts ban on NBFCs Asirvad Micro Finance and DMI Finance

RBI lifts ban on NBFCs Asirvad Micro Finance and DMI Finance

The Reserve Bank of India lifted restrictions on Asirvad Micro Finance and DMI Finance. These restrictions had been imposed in October 2024 due to non-compliance with regulatory guidelines. After remedial measures and compliance reports were submitted by the companies, the central bank reviewed and approved the changes, allowing them to resume loan sanctioning and disbursal.

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