RBI Cracks Down on Four NBFCs Amid Scrutiny

- **RBI** has ordered four **NBFCs** to halt new loan sanctions and disbursements from October 21, 2024. - **Morgan Stanley** report suggests more lending companies might face similar scrutiny. - **Asirvad Microfinance**'s lending rates are not significantly different from other lenders, raising questions about broader issues. - **RBI** aims to enforce strict regulatory compliance and protect borrowers from unfair practices. - **Governor Shaktikanta Das** warns NBFCs against incentivizing loan targets, emphasizing self-correction. Source: [Hindustan Times](https://www.hindustantimes.com/business/rbi-may-act-against-more-nbfcs-to-check-obscure-lending-practices-morgan-stanley-101729241471270.html), [The Economic Times](https://economictimes.indiatimes.com/news/economy/finance/rbi-may-act-gainst-more-nbfcs-to-check-obscure-lending-practices-morgan-stanley/articleshow/114343845.cms)