RBI Lifts Lending Ban on Asirvad and DMI Finance, Boosting Microfinance Sector
2025-01-08
Zee News on MSN.com
In a significant move, the Reserve Bank of India (RBI) has lifted its ban on Asirvad Micro Finance and DMI Finance Pvt Ltd, allowing them to resume lending operations. This decision brings relief to the two microfinance companies, which were previously restricted from sanctioning and disbursing loans. The RBI's circular, issued on Wednesday, is a welcome development for the microfinance sector, which plays a vital role in providing financial services to underserved communities, with key services including micro loans and financial inclusion initiatives.
