<ul><li>RBI has banned DMI Finance, Navi Finserv, Arohan Financial Services, and Asirvad Micro Finance from lending due to regulatory violations.</li><li>These NBFCs have been charged with excessive interest rates and failure to adhere to regulatory guidelines.</li><li>The violations include breaching the Fair Practices Code and non-compliance with household income assessment, loan repayment capacity, and asset classification.</li><li>RBI aims to ensure fair and reasonable pricing and educate regulated entities about responsible use of regulatory freedoms.</li></ul>

RBI bans DMI Finance, Navi Finserv among 4 NBFCs from lending over regulatory violations

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