The Reserve Bank of India has banned four non-banking financial companies—Asirvad Micro Finance, Arohan Financial Services, DMI Finance, and Navi Finserv—from conducting business until they rectify operational and pricing issues. This marks the RBI's 14th intervention since 2020, raising concerns about investor confidence in India's financial services. Critics argue that the regulator's approach, grouping these entities together despite differing issues, may send mixed signals to the market.
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