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Flipkart, Sachin Bansal and RBI
Why Flipkart Founder Sachin Bansal's Navi App Cannot Disburse Loans From October 21? Find Out!
The reason behind the ban is due to concern related to the pricing policy of these companies in terms of their lending rates, which are found to be excessive.
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,
India Today on MSN
2h
Flipkart Big Diwali Sale announced: Discount on Moto G85, iPhone 15 Plus, and more
The Flipkart Big Diwali sale has been announced. The platform recently wrapped up two big festival sales and it is now ...
3h
Flipkart Big Diwali Sale Date Announced: Massive Discounts on Apple, Samsung, and Other Brands' Devices
Flipkart has finally announced the Big Diwali sale, kicking off on October 20 for Plus and VIP members and October 21 for all ...
ThePrint
1h
Motorola’s bestselling smartphones including motorola edge50 Pro and moto g85 go on sale at Flipkart’s Big Diwali Sale starting 21st October
Motorola, a global leader in mobile technology and innovation has announced massive festive discounts on its most popular ...
7h
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 ...
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.
4d
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, ...
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
3d
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 ...
4d
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 ...
inc42
12h
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 ...
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