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Sachin Bansal, RBI and Flipkart
RBI bans Flipkart founder Sachin Bansal’s Navi from disbursing loans, here’s what the bank’s statement reads
The Reserve Bank of India has banned four NBFCs from issuing new loans starting October 21, 2024, citing excessive lending rates and non-compliance wi
'Cease and desist...' - RBI's action against 4 NBFCs including Flipkart’s Sachin Bansal-led entity; reason?
Reserve Bank of India on Thursday issued directions to Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited and Bansal-led Navi Finserv Limited. The RBI has asked the non-banking finance companies to “cease and desist from sanction and disbursal of loans” with effect from next week.
RBI bars Sachin Bansal’s Navi Finserv, 3 others from sanction of loans
Besides Navi Finserv, others who have been barred by the RBI include Asirvad Micro Finance, Arohan Financial Services and DMI Finance Private.
RBI bars Sachin Bansal's Navi Finserv, 3 other NBFCs
RBI orders four NBFCs, including Asirvad Micro Finance, Arohan Financial Services, DMI Finance, and Navi Finserv, to cease loan disbursals due to regulatory violations related to excessive pricing and improper borrower assessment.
RBI stops 4 NBFCs, including Sachin Bansal’s Navi, from disbursing loans
The non-banks lenders include former Flipkart founder Sachin Bansal-led Navi Finserv, DMI Finance, Asirvad Micro Finance and Arohan Financial Services. The banking regulator says this action is based on material supervisory concerns observed in the Pricing Policy of these companies in terms of their Weighted Average Lending Rate (WALR) and the Interest Spread charged over their cost of funds,
3h
iPhone 14 gets 14% discount on Flipkart: Know how to get it at a reasonable price
Want to buy an iPhone but don’t want to pay a hefty price? Then Flipkart is providing a huge discount on iPhone 14. Therefore ...
inc42
8h
Not Concerned About New Entrants In Quick Commerce: Blinkit CEO
Zomato-owned Blinkit’s CEO Albinder Dhindsa said that the quick commerce major is not concerned about new competitors ...
9d
Flipkart Big Shopping Utsav Sale 2024 to Start on October 9; Deals and Offers Teased
An official microsite confirms that the Flipkart Big Shopping Utsav 2024 sale will begin on October 9. A banner on the Flipkart mobile app reveals that the sale will last through October 13.
12d
Flipkart Big Billion Days 2024 Ends Today: iPhone 15 to iPad 10th Gen Deals You Shouldn't Miss
Flipkart's Big Billion Days 2024 sale is on its final leg and will end today (October 6). If you are still planning to get a ...
3d
Flipkart Group's super.money rises through UPI ranks, grows 10x in 2 months
Super.money is betting on selling credit products on UPI. The wait list for its Rupay credit card has crossed a million, ...
The Financial Express
8d
Flipkart Big Shopping Utsav 2024 from October 9-13: Check top deals, offers you can’t miss
Flipkart kicked off the Big Shopping Utsav 2024 sale today. Between October 9 and October 13, the e-ecommerce website is set ...
1d
Everything You Need To Know About Flipkart's Image Search Feature
Flipkart, one of the most trusted online shopping sites, has an Image search feature that helps its users find products by ...
newsbytesapp.com
2d
Starting your own business? Here's how to sell on Flipkart
Flipkart gives sellers access to over 300 million registered users across India. The platform offers various promotional ...
1d
Amazon and Flipkart sales: Here’s a list of smartphones under Rs 15,000 to buy
Here is a quick list of top smartphones under Rs 15,000 which could be bought during the festive sales. These smartphones ...
3d
Amazon, Flipkart Sale Live in India: Top Deals on iPhone 13, Samsung Galaxy S23 FE, OnePlus 12R And More
The Samsung Galaxy S23 FE is now priced at just Rs 29,999, down from Rs 79,999 on Flipkart during the sale. The highlights of ...
India Today
22h
Protect yourself from Flipkart OTP scam
The Flipkart OTP scam is a growing fraud where scammers pose as customer service executives to gain access to victims' ...
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