They got greedy and started charging like chinese money lenders. Also their collection practices were not in line with that of RBI..so someone complained..

Sales Leader

Whats happening out there at Navi? Are all disbursals halted now? Any insider news on what they're upto?

Welcome to Fintech India's Private Community

Navi <> RBI Guidelines

Data Analyst

Navi <> RBI Guidelines- Grapevine

Welcome to News Discussion's Private Community

- The Reserve Bank of India (RBI) has ordered Navi Finserv and three other non-banking financial companies (NBFCs) to stop sanctioning and disbursing loans. 
- This action is due to excessive interest rates and non-compliance with RBI regulations. 
- The business freeze will remain until the firms take corrective actions to the satisfaction of the RBI. 
- The restrictions will not affect existing loan servicing or collections. 
- Navi Finserv is committed to addressing all the concerns raised with promptness and completeness.

Source: [Inc42](https://inc42.com/buzz/rbi-bars-sachin-bansals-navi-finserv-from-disbursing-loans/)

RBI Halts Loan Disbursement by Sachin Bansal's Navi Finserv

Journalist

Welcome to Office Gossip's Private Community

I've been hearing some pretty bad things about Navi's work culture - esp. in the analytics teams. Apart from the 12-14 hour days, apparently you're not even allowed to take leaves. If you want to go home for a few days, you're asked to apply for wfh for those days. If you want to wfh, you're asked to apply for a sick leave and then work nevertheless.
 
Can someone from Navi or otherwise confirm this?

Work culture at Navi

Team Lead

Welcome to Indian Startups's Private Community

https://www.reddit.com/r/delhi/s/UeCJTvE5kl

damn Navi, wtf

Business Analyst

Happened last week. 

Navi does this half-yearly if not quarterly. Supposed to be performance based but systems and checks are not in place to assure the process is unbiased. 

Myntra - not an organisation which does layoffs much. 

Please shed some light.

Navi & Myntra - layoff or mass resignation???

Investor

Welcome to Business Roles's Private Community

Is it true that most people from senior position (including the likes of Bajaj veteran in credit risk ), business heads from different verticals have resigned?

How's Navi Technologies?

Product Manager

Welcome to Confessions's Private Community

I'm currently facing a tough situation. I'm jobless and struggling to pay my EMIs. NAVI is the only app that is constantly threatening and pressuring me to pay as soon as possible. I'm already 12 days late in clearing my dues. Despite explaining that I'm dealing with health problems and unemployment, and promising to pay by next week, they are not understanding my situation. I'm feeling overwhelmed and unsure of what to do, this mental harassment is taking me to suicidal thoughts. Has anyone else experienced something similar? How did you handle it? Any advice or help would be greatly appreciated.

NAVI app ❌

Relationship Manager

I'll be joining Navi next month as a fresher. Just heard about the layoffs. How should I proceed in this startup. Should I start preparing for new opportunities or wait almost a year ( if they don't layoffs) for future opportunities? 
Company is doing good at financial terms I guess.
Confused kindly suggest all opinions are appreciated?

Fresher at NAVI

Made the terrible mistake of buying a health insurance from this firm. Now with the latest app update it's trying to read my sms and access my contacts and won't proceed further until I allow the app all the permissions. 

Do you need to share your contacts to access your health cards in case of a medical emergency? 

Let's say someone from Navi - say Sachin Bansal - gets a blood cancer diagnosis or a brain tumor - will he/she be willing to share all the smses n contacts with a third party? 

Nobody in business has ever of made it big by being an ass hole and anti customer. Karma eventually balances you out. 

If there's anyone from Navi in this app, can you fix this internally?

Anyone from Navi insurance here? Planning to file a complaint with IRDA

Software Engineer

RBI bans Bajaj Finance to stop lending under ecom and insta emi products with immediate effect- WHY?

Director Finance

Basis recent news article and interview of the founder, the company is in talks for external funding. Has the founder money run out, he is also talking about ipo in 2 years.

Navi looking at external funding?

Operations Manager

Any idea how is Fi doing right now? What is the work culture like? Are there any expected layoffs?

Head Of Growth

Half day salary cut for every 3 days you're late is pretty freakin messed up.
Curious to know what other ancient capatilist policies do corporates have in place to exploit all of us?

What are some dystopian policies at your work place?

Nomura requires you to clock your time out when you use the restrooms.

Intern

Have most payment providers stopped onboarding new customers? Is there a timeline for when it will start again?

Would love a word from those working at any of em.

Fintech audits

What made it worst? The pay, the culture, or your manager?

What's the worst company you have worked for?

ICICI Bank, they had a strict sign in timing policy where if you are late to corporate office, half day salary would be cut, It would be reversed only when manager approves. The sign out time used to be 5.15pm, but you would be made to sit till 8 pm by most of the managers even if your job is done for the day. A sign out at 6 pm used to be called as half day by most of the managers. 
 I heard now they donot have this dictatorial policy.

Does anyone know what kind of questions are asked in the Introductory interview round at Navi, will be helpful if you know specifically for product design.

Welcome to Personal Finance's Private Community

Anyone from RBI or related fintech, what's cooking?

The initiative by the Association of P2P Lending Platforms comes on the back of sharp displeasure expressed by the countrys banking regulator over a spate of such products offering attractive interest rates and instant liquidation options to retail investors.

P2P lenders to stop ‘liquid funds’ as RBI peers into business

P2P lending regulation guidelines

Senior Consultant

Welcome to Software Engineers's Private Community

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Mass Layoffs at Navi Technology

Damn no wonder they are firing 
 I know some average freshers who joined at 21 base last year  
 Overpaying for average talent always results in firing in startups,is what I have observed

Navi <> RBI Guidelines

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