India's central bank lifts restrictions on Navi Finserv, allowing it to resume lending.

The Reserve Bank of India has lifted restrictions on Navi Finserv Limited, allowing the fintech company led by Sachin Bansal to resume lending activities. Restrictions were imposed in October due to concerns over loan pricing and regulatory compliance. Navi Finserv addressed these issues by revamping its processes and systems, leading to the RBI's approval. The move is expected to boost the company's growth and restore stakeholder confidence.

December 02, 2024
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