RBI Lifts Restrictions on Asirvad Micro Finance and DMI Finance
| Why in News | Key Points |
|---|---|
| RBI lifts restrictions on Asirvad Micro Finance and DMI Finance | - Date of restriction imposition: October 2024 - Reason for restriction: Non-compliance with regulatory norms - Action taken by RBI: Lifting of restrictions in January 2025 after compliance measures - Corrective actions by companies: Revised processes and submitted compliance reports |
| Regulatory Authority: RBI | - Full Form: Reserve Bank of India - Role: Financial regulatory authority, overseeing NBFCs |
| Entities Involved | - Asirvad Micro Finance Limited - DMI Finance Private Limited |