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Why did the Reserve Bank of India (RBI) impose business restrictions on four non-banking finance companies (NBFCs), including Asirvad Micro Finance Lt...

Banking IBPS PO Mains Medium Financial Awareness MCQ

Question

Why did the Reserve Bank of India (RBI) impose business restrictions on four non-banking finance companies (NBFCs), including Asirvad Micro Finance Ltd and Navi Finserv Ltd (in October 2024)?

Options

A.

Non-compliance with loan recovery practices

B.

High levels of non-performing assets (NPAs)

C.

Excessive interest rates and pricing policy violations

D.

Failure to maintain adequate capital reserves

rbinbfcbusiness restrictionsnon-performing assetsfinance

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