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RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley
The Daily Guardian
|October 19, 2024
As Reserve Bank of India (RBI) on Thursday sought action against four Non Banking Financial Companies asking them to cease and desist from making new loan sanctions and disbursements, a report by Morgan Stanley suggests more lending companies might face similar scrutiny.
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The report noted that lending rates at Asirvad Microfinance, one of the impacted NBFCs, are not significantly different from other lenders, based on data provided by MFIN, an industry body for microfinance lenders.
Denne historien er fra October 19, 2024-utgaven av The Daily Guardian.
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