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Flipkart, Sachin Bansal and RBI
Big blow to Flipkart founder Sachin Bansal as his Navi app banned from disbursing loan due to....
Navi Finserv, the digital lending platform of Flipkart founder Sachin Bansal, along with three other financial service providers -- Asirvad Micro Finance, Arohan Financial Services, and DMI Finance-- have been banned by the RBI from disbursing loans due to exorbitant lending rates.
RBI bans Flipkart founder Sachin Bansal’s Navi from disbursing loans, here’s what the bank’s statement reads
The Reserve Bank of India has banned four NBFCs from issuing new loans starting October 21, 2024, citing excessive lending rates and non-compliance wi
'Cease and desist...' - RBI's action against 4 NBFCs including Flipkart’s Sachin Bansal-led entity; reason?
Reserve Bank of India on Thursday issued directions to Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited and Bansal-led Navi Finserv Limited. The RBI has asked the non-banking finance companies to “cease and desist from sanction and disbursal of loans” with effect from next week.
RBI bars Sachin Bansal’s Navi Finserv, 3 others from sanction of loans
Besides Navi Finserv, others who have been barred by the RBI include Asirvad Micro Finance, Arohan Financial Services and DMI Finance Private.
RBI bars Sachin Bansal's Navi Finserv, 3 other NBFCs
RBI orders four NBFCs, including Asirvad Micro Finance, Arohan Financial Services, DMI Finance, and Navi Finserv, to cease loan disbursals due to regulatory violations related to excessive pricing and improper borrower assessment.
RBI stops 4 NBFCs, including Sachin Bansal’s Navi, from disbursing loans
The non-banks lenders include former Flipkart founder Sachin Bansal-led Navi Finserv, DMI Finance, Asirvad Micro Finance and Arohan Financial Services. The banking regulator says this action is based on material supervisory concerns observed in the Pricing Policy of these companies in terms of their Weighted Average Lending Rate (WALR) and the Interest Spread charged over their cost of funds,
Flipkart, Diwali Sale
Flipkart's Big Diwali Sale announced, offers impressive discounts on smartphones and more
Flipkart's Big Diwali Sale follows the recent Big Billion Days sale, offering impressive discounts on a wide range of products, including smartphones. Flipkart Plus members will enjoy early access to the sale.
Flipkart Big Diwali 2024 Sale Announced With Early Access For Plus Members: Big Discount On iPhone, MacBook M2; Check Bank Discount
SBI debit and credit card holders will be able to avail of an additional 10 per cent discount on transactions above a certain amount.
Flipkart's Big Diwali Sale: Top Smart TV Deals You Shouldn’t Miss
Check out the best Smart TV deals during Flipkart’s Big Diwali Sale 2024. From budget-friendly models to premium 4K options, there’s something for everyone, with discounts on brands like Blaupunkt, TCL,
9m
Bissell re-enters Indian market after 6 years, aims for future growth
Bissell, a Michigan US-based homecare solutions provider, has re-entered India with its range of vacuum cleaners after six ...
2d
iPhone 14 gets 14% discount on Flipkart: Know how to get it at a reasonable price
Want to buy an iPhone but don’t want to pay a hefty price? Then Flipkart is providing a huge discount on iPhone 14. Therefore ...
3d
Everything You Need To Know About Flipkart's Image Search Feature
Flipkart, one of the most trusted online shopping sites, has an Image search feature that helps its users find products by ...
devdiscourse
18h
Flipkart's Big Billion Days: A Festive Revival Fueled by Social Media
Flipkart revives its Big Billion Days sale driven by overwhelming public demand and social media buzz, offering steep ...
ET Now on MSN
21h
Varun Dhawan’s phone mishap sparks Flipkart’s biggest Diwali surprise—The Big Billion Days like Offers Return
For the first time, a brand has brought back an offer solely because of the love it received from customers,” said a Flipkart ...
ThePrint
1d
Motorola’s bestselling smartphones including motorola edge50 Pro and moto g85 go on sale at Flipkart’s Big Diwali Sale starting 21st October
Motorola, a global leader in mobile technology and innovation has announced massive festive discounts on its most popular ...
inc42
2d
Not Concerned About New Entrants In Quick Commerce: Blinkit CEO
Zomato-owned Blinkit’s CEO Albinder Dhindsa said that the quick commerce major is not concerned about new competitors ...
5d
Flipkart Group's super.money rises through UPI ranks, grows 10x in 2 months
Super.money is betting on selling credit products on UPI. The wait list for its Rupay credit card has crossed a million, ...
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