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RBI lifts curbs on Navi Finserv

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RBI Grade BNABARD ESISEBI
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RBI Lifts Restrictions on Sachin Bansalled Navi Finserv

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RBI lifts curbs on Navi Finserv 1
Credit: Mint
  • RBI lifted restrictions on Sachin Bansalled Navi Finserv with immediate effect.
  • The move follows a month-long ban on the nonbanking finance company from sanctioning loans or charging high interest rates.
  • RBI had several rounds of interaction with Navi Finserv for rectification of deficiencies.
  • The company has worked to address identified deficiencies and revamp its processes and systems.
  • Navi Finserv is looking towards delivering transparent, complaint financial solutions to the customer first.
  • Sachin Bansal, CEO has thanks RBI for guidance and support.
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