<ul><li>The Reserve Bank of India (RBI) has directed Sachin Bansal’s Navi Finserv and three other non-banking financial companies (NBFCs) to immediately stop sanctioning and disbursing loans due to supervisory concerns.</li><li>The RBI's action is in response to excessive interest rates and non-compliance with its regulations. The NBFCs were found to have pricing policies that violated RBI guidelines.</li><li>Additionally, the NBFCs were flagged for discrepancies in assessing household incomes and ensuring appropriate loan repayment terms.</li><li>The restrictions will remain until Navi and the other firms take corrective actions to the satisfaction of the RBI.</li></ul>

RBI Bars Sachin Bansal’s Navi Finserv From Disbursing Loans

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