The Reserve Bank of India (RBI) has announced the immediate removal of restrictions on two non-banking financial companies (NBFCs) – Chennai-based Asirvad Micro Finance and Delhi-based DMI Finance.

RBI said in a statement that it is satisfied with the companies’ submissions over their revamped processes, and commitment to adhere to regulatory guidelines on an ongoing basis.

Jan 8 (Reuters) - India's central bank said on Wednesday it has removed restrictions imposed on non-banking financial companies (NBFCs), Asirvad Micro Finance and DMI Finance, against any fresh ...

In an interaction with Business Standard, Alok Misra, chief executive officer of Microfinance Institutions Network (MFIN), a ...

After the RBI lifted the ban on its microlending arm Asirvad Micro Finance, shares of Manappuram Finance gained over 6 per ...

the Reserve Bank has decided to lift the aforementioned restrictions placed on both Asirvad Micro Finance and DMI Finance with immediate effect,” the RBI said. On October 17, the apex bank had ...

On October 17, the Reserve Bank of India took action against four NBFCs and NBFC-MFI citing material supervisory concerns, including Asirvad Microfinance. Manappuram Finance first bought 71 ...

Manappuram Finance jumped 4.53% to Rs 188.20 after the Reserve Bank of India lifted the restrictions imposed on Asirvad Micro Finance with respect to sanction or disbursal of loans with immediate ...

category India's central bank lifts ban on Asirvad Micro Finance, DMI Finance 12:51 PM UTC · Updated ago Indiacategory One body recovered from flooded Indian mine as rescuers search for trapped ...

Manappuram Finance share price gained more than 6% in the morning trades on Thursday. Company announced post market hours on ...

The following is a list of companies whose restrictions have been removed by the RBI. ASIRVAD MICRO FINANCE, DMI FINANCE, AROHAN FINANCIAL SERVICES, NAVI FINSERV The RBI on Wednesday removed ...