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Navi Finserv Allowed To Make Loan Disbursals Sanctioned Before Oct 20

  • Navi Finserv has been allowed by RBI to make scheduled home loan disbursals sanctioned before October 20, 2024.
  • This permission is valid until December 31, 2024 and provides relief to homebuyers affected by the RBI's crackdown.
  • Navi Finserv, along with three other companies, faced action from RBI over alleged usurious pricing and non-compliance with regulations.
  • The clampdown on Navi Finserv may impact the IPO plans of its parent company, Navi Technologies.

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