RBI Lifts Sanctions on Asirvad Micro Finance and DMI Finance - PRESS AI WORLD
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RBI Lifts Sanctions on Asirvad Micro Finance and DMI Finance

share-iconPublished: Wednesday, January 08 share-iconUpdated: Wednesday, January 08 comment-icon1 year ago
News sources:
INDIATIMES
RBI Lifts Sanctions on Asirvad Micro Finance and DMI Finance

Credited from: INDIATIMES

  • The **Reserve Bank of India (RBI)** has lifted sanctions on **Asirvad Micro Finance** and **DMI Finance** effective immediately.
  • Sanctions were initially imposed on **21 October** last year, restricting the firms from issuing loans.
  • Both companies took **corrective measures** and submitted compliance reports to the RBI.
  • The RBI is satisfied with these corrections and noted the companies' commitment to following **regulatory guidelines**.
  • Similar measures previously lifted for **Navi Finserv** and **Arohan Financial Services** indicate a trend in regulatory compliance.

For more details, visit the original article here.

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Rbi Asirvad micro finance Dmi finance Sanctions Loans
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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