RBI Bars Four NBFCs from Granting Loans
GS 3: Indian Economy Why is it in the news? The Reserve Bank of India (RBI) has prohibited four prominent non-banking financial companies (NBFCs) from approving and disbursing loans due to violations of multiple regulations. The four NBFCs are Asirvad Micro Finance Ltd (backed by Manappuram Finance), Arohan Financial Services Ltd, DMI Finance (supported by […]
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