<ul><li>Navi Finserv, led by Sachin Bansal, has canceled its proposed INR 1 Lakh Cr bond sale following regulatory scrutiny.</li><li>The non-banking finance company (NBFC) had planned to raise funds through the issuance of two-year and three-month bonds.</li><li>The cancellation comes after the Reserve Bank of India (RBI) prohibited Navi and three other NBFCs from sanctioning new loans due to excessive interest rates charged to microloan borrowers.</li><li>Navi Finserv's decision to withdraw the bond sale comes amidst its parent company's plan for an IPO, with the proceeds intended for investments in Navi Finserv and Navi General Insurance.</li></ul>

Navi Calls Off INR 1 Lakh Cr Bond Sale After RBI Crackdown

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