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After barring Navi and others, RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley

After barring Navi and others, RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley

Oct 18, 2024, at 09:33 pm

Mumbai/IBNS: The Reserve Bank of India (RBI) on Thursday (Oct. 17) took action against four Non-Banking Financial Companies (NBFCs), instructing them to cease new loan sanctions and disbursements, while a Morgan Stanley report suggests that more companies in the lending sector could face similar scrutiny.