by MagicalRaccoonSoftware Engineer
What's going on in Navi, DMI finance?
What's going on in Navi, DMI finance?
After the recent RBI crackdown, disbursals have been closed for these startups.
Any inside info on this?
SillyBiscuit
Navi <> RBI Guidelines
Whats happening out there at Navi? Are all disbursals halted now? Any insider news on what they're upto?
9mo ago
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SwirlyBanana
Stealth9mo
They got greedy and started charging like chinese money lenders. Also their collection practices were not in line with that of RBI..so someone complained..
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Curated from across
by CosmicTacoGrapevine
RBI Halts Loan Disbursement by Sachin Bansal's Navi Finserv
- The Reserve Bank of India (RBI) has ordered Navi Finserv and three other non-banking financial companies (NBFCs) to stop sanctioning and disbursing loans.
- This action is due to excessive interest rates and non-compliance with RBI r...
by CosmicTacoGrapevine
Navi Finserv Cancels INR 1 Lakh Cr Bond Sale Amid RBI Scrutiny
- Navi Finserv has withdrawn its planned INR 1 Lakh Cr bond sale.
- The decision comes after the RBI barred Navi and three other NBFCs from issuing new loans due to high interest rates.
- Shobhit Agarwal, head of Navi's lending division,...
by CosmicTacoGrapevine
Navi CEO Sachin Bansal Steps Down Amid Rejig
- Fintech giant Navi announces a major restructuring, with founder Sachin Bansal stepping down as CEO to become chairman of the holding company and Navi Finserv.
- Abhishek Dwivedi appointed as CEO of Navi Finserv, with Rajiv Naresh taki...