Reserve Bank of India (RBI) | RBI removes business ... - Telegraph …
2 days ago · The Reserve Bank of India (RBI) has removed business restrictions imposed on Calcutta-based microfinance lender Arohan Financial Services Ltd (Arohan). This comes after the banking regulator was satisfied by the remedial action taken by Arohan. On October 17, 2024, the RBI had issued directions to ...
RBI removes restrictions on Arohan Financial Services
3 days ago · The Reserve Bank of India (RBI) on Friday removed supervisory restrictions on Kolkata-based Arohan Financial Services Ltd. with immediate effect. On October 17, 2024, the banking regulator had ...
RBI removes lending restrictions on microfinance company Arohan ...
3 days ago · The Reserve Bank of India has lifted the lending restrictions on Arohan Financial Services. The ban was initially imposed due to unfair practices. Arohan has since taken corrective measures. The central bank is satisfied with Arohan's revamped processes and commitment to regulatory guidelines. Arohan can now resume business immediately.
RBI lifts lending restrictions placed on microfinance lender Arohan ...
3 days ago · The Reserve Bank of India (RBI) has lifted the lending restrictions placed on Arohan Financial Services with immediate effect after the microfinance lender ensured fairness in the loan pricing ...
RBI removes biz restrictions on Kolkata-based Arohan Financial …
3 days ago · The Reserve Bank of India (RBI) has removed business restrictions imposed on Kolkata-based microfinance institution Arohan Financial Services Limited following remedial measures initiated by the lender and its commitment to adhere to fair loan pricing, the regulator said on Friday. On October 17 ...
RBI takes action against Asirvad Micro Finance, Arohan Financial ...
Oct 18, 2024 · The Reserve Bank of India (RBI) has taken strict regulatory action against four Non-Banking Financial Companies (NBFCs), halting their loan sanctioning and disbursal activities starting from October 21, 2024.
RBI lifts restrictions on Arohan Financial Services, Legal News, ET ...
3 days ago · The Reserve Bank on Friday lifted the restrictions placed on Kolkata-based Arohan Financial Services Limited with immediate effect. In October last year, the central bank had ordered Arohan Financial and three other NBFCs to cease and desist from sanction and disbursal of loans effective from the close of business of October 21, on material supervisory concerns, including usurious pricing.
RBI removes supervisory curbs on Kolkata-based Arohan
3 days ago · Arohan’s net profit was about $37 million for the financial year ended March. In October 2024, Bloomberg had reported that Arohan has delayed its $200-million initial public offering post-RBI curbs.
RBI removes supervisory restrictions on Arohan Financial
3 days ago · Arohan’s flagship loan is aimed at groups of three to five women and has a rate of 24.25%, according to the lender’s website. The loan ranges between ₹25,000 and ₹1 lakh and is for a tenure of 24-30 months. ... Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar ...
RBI takes action against 4 NBFCs for disbursal of loans
Oct 17, 2024 · The Reserve Bank of India has imposed business restrictions on four non-banking finance companies (NBFCs) – Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance Pvt Ltd and Navi...