<ul><li>The Reserve Bank of India (RBI) has banned Navi Finserv, led by Sachin Bansal, from loan sanctioning and disbursement processes, along with three other NBFCs.</li><li>RBI took this action after discovering material supervisory concerns regarding the companies' loan pricing practices and non-compliance with regulatory guidelines.</li><li>The banned NBFCs were found to have excessive interest spreads, non-compliance with microfinance loan pricing regulations, and failure to adhere to the Fair Practices Code.</li><li>The restrictions will remain in place until the companies demonstrate compliance with RBI regulations.</li></ul>

Why did the RBI ban Sachin Bansal's Navi from sanctioning new loans?

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