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RBI Bans Flipkart Founder Sachin Bansal’s Navi Finserv From Issuing Loans

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RBI Bans Flipkart Founder Sachin Bansal’s Navi Finserv From Issuing Loans

The Reserve Bank of India (RBI) has prohibited Navi Finserv, led by Flipkart co-founder Sachin Bansal, along with three other non-banking financial companies (NBFCs), from issuing new loans effective October 21, 2024. This action is a response to excessive interest rates and non-compliance with...

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