RBI Lifts Ban: Asirvad and DMI Finance Resume Lending Operations
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, enabling them to sanction and disburse loans once again. The RBI's circular, issued on Wednesday, is a welcome development for the microfinance sector, which has been impacted by regulatory challenges. With this move, Asirvad and DMI Finance can now focus on providing financial services to their customers, promoting financial inclusion and microfinance growth. The decision is expected to have a positive impact on the industry, driving economic growth and development. Key terms include microfinance, RBI regulations, and financial inclusion.
