RBI Allows Asirvad, DMI Finance to Resume Lending Operations
The Statesman|January 09, 2025
The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.
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RBI Allows Asirvad, DMI Finance to Resume Lending Operations

The RBI had in October, 2024, taken action against four NBFCs -- Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance and Navi Finserv -- citing material supervisory concerns, and asked these entities to cease and desist sanction and disbursal of loans, effective from October 21.

Two of these companies have now been allowed to resume their lending operations, according to an RBI statement.

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