In a major blow to Flipkart founder Sachin Bansal, his digital lending platform, Navi Finserv Limited, has been banned from disbursing loans to consumers. The ban on Navi Finserv, imposed by the ...

The Reserve Bank of India has banned four NBFCs from issuing new loans starting October 21, 2024, citing excessive lending rates and non-compliance with regulations. The Reserve Bank of India has ...

The Reserve Bank of India has banned four NBFCs from issuing new loans starting October 21, 2024, citing excessive lending rates and non-compliance with regulations. In its statement, the bank ...

The NBFCs include Asirvad Micro Finance, Arohan Financial Services, DMI Finance Private and Flipkart founder Sachin Bansal’s Navi Finserv. In a statement, the central bank said that the ...

The news is also the latest setback for Navi, a Bengaluru-based startup founded by Flipkart co-founder Sachin Bansal. The central bank earlier rejected Navi’s application for a banking license.

7) Sachin Bansal & Binny Bansal: Founders of Flipkart Turnover: Flipkart's revenue for FY 2024-25 is projected at approximately ₹50,000 crore ($6 billion), reflecting its dominance in the Indian ...

The news is also the latest setback for Navi, a Bengaluru-based startup founded by Flipkart co-founder Sachin Bansal. The central bank earlier rejected Navi's application for a banking license. The ...