The central bank needs to rein in its regulatory zeal. Scaring away capital won’t help absorb future loan losses.
Excesses spike in post-pandemic inflation and an uneven recovery that bypassed working-class families has aggravated the ...
In related news, Navi Finserv has called off its proposed ₹100 crore bond sale amid RBI's scrutiny over its lending practices ...
The NBFC stock has been under pressure after the RBI initiated action against its subsidiary Asirvad Micro Finance.
Navi Finserv has announced that it is halting its bond sale following RBI's regulatory crackdown on excessive loan interest ...
Navi Finserv has canceled its planned bond issuance of Rs 100 crore, which was scheduled for bidding on Monday, as per officials. Sachin Bansal-backed Navi Finserv was planning to raise Rs 100 crore t ...
Four non-bank microlenders recently targeted by the Reserve Bank had been charging excessively high rates to vulnerable ...
RBI has said remedial actions will see the restrictions lifted, but it remains to be seen how soon this can be done. The companies need to fix multiple issues ...
Navi Finserv has unexpectedly called off its proposed INR 100 Cr bond sale amid regulatory scrutiny over its lending ...
Navi’s management said debt repayments worth ₹3,027 crore that are due over the next six months will be taken care of through collections from customers. It also has a strong liquidity buffer of ...
Navi Finserv, led by Sachin Bansal maintains liquidity buffers worth Rs 1,500 crore, ensuring that debt servicing will not be ...
Navi Finserv has withdrawn a planned bond sale scheduled for bidding on Monday, the firm said, days after the country's ...