Question
When did the RBI lift the supervisory restrictions on
Navi Finserv?Solution
The RBI lifted the supervisory restrictions on Navi Finserv, led by Sachin Bansal, on October 21, 2024. The restrictions were imposed due to non-compliance with fair loan pricing regulations. Navi Finserv revamped its processes and systems to ensure compliance and was subsequently cleared to resume loan sanctions and disbursements.
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