RBI removes loan disbursement restrictions on Sachin Bansal venture

City-based fintech Navi Finserv Limited on Monday said Reserve Bank of India (RBI) has lifted the restrictions on the company’s lending operations, with immediate effect.

The firm has worked to address identified deficiencies, and revamped its processes and systems, to the satisfaction of the RBI, it said in a statement.

Sachin Bansal, CEO, Navi Finserv said, “As we resume our business operations, we are committed to ensuring enduring compliance, especially with respect to fairness on loan pricing, and to maintain the highest standards of governance and operational excellence.”