Case Brief
The Reserve Bank of India has removed supervisory restrictions that had previously been imposed on Asirvad Micro Finance Limited, Chennai, and DMI Finance Private Limited, New Delhi. The release references earlier Directions issued on October 17, 2024 under Section 45L(1)(b) of the RBI Act, 1934, and indicates that those restrictions are now withdrawn. No penalty is stated, and the action is a restoration rather than a fresh adverse measure.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- NBFC
- Location
- Chennai
- Order Date