<p>The <a href="https://www.deccanherald.com/tags/rbi">Reserve Bank of India</a> has started to ease curbs on non-banking financial companies (<a href="https://www.deccanherald.com/tags/nbfc">NBFC</a>s) after they improved their compliance following a series of supervisory restrictions.</p><p>High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth, including by the federal finance ministry in a recent report.</p><p>The Indian central bank also got a new chief in December with <a href="https://www.deccanherald.com/tags/sanjay-malhotra">Sanjay Malhotra</a> taking over from <a href="https://www.deccanherald.com/tags/shaktikanta-das">Shaktikanta Das</a>.</p><p>The following is a list of companies whose restrictions have been removed by the RBI. </p><p>The RBI on Wednesday removed restrictions imposed on DMI Finance and Manappuram Finance-owned Asirvad Micro Finance with immediate effect.</p><p>The regulator had in October barred the two companies, along with Arohan Financial Services and Navi Finserv, from sanctioning and disbursing loans due to "usurious" pricing and charging a significant mark-up over their funding costs.</p><p>The same restrictions on Arohan were lifted last week, and from Navi in December. </p>.Housing loans: With banks being conservative, govt looks at NBFCs.<p>The central bank last month lifted restrictions on Edelweiss Asset Reconstruction and ECL Finance, first imposed in May 2024, which barred them from acquiring financial assets or undertaking structured transactions.</p><p>The regulator was satisfied with the measures taken to address what it had called "evergreening" of distressed loans.</p><p>A unit of financial services firm JM Financial in October resumed financing activities related to shares and debentures, including loans for IPO subscriptions after the central bank ended restrictive measures.</p><p>The RBI in March barred JM Financial Products from issuing such loans, due to regulatory violations and governance concerns. </p><p>In September, the RBI permitted IIFL Finance to resume issuance of gold loans.</p><p>The central bank had barred it from offering gold loans in March, citing concerns about its assessment of gold collateral and violations of the maximum permitted loan-to-value ratio, among other issues. </p><p>The RBI in May reversed curbs imposed on India's largest NBFC, Bajaj Finance, allowing it to restart loan disbursals under two of its lending products.</p><p>The restrictions were levied in November 2023 due to non-adherence with the central bank's digital lending guidelines.</p>
<p>The <a href="https://www.deccanherald.com/tags/rbi">Reserve Bank of India</a> has started to ease curbs on non-banking financial companies (<a href="https://www.deccanherald.com/tags/nbfc">NBFC</a>s) after they improved their compliance following a series of supervisory restrictions.</p><p>High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth, including by the federal finance ministry in a recent report.</p><p>The Indian central bank also got a new chief in December with <a href="https://www.deccanherald.com/tags/sanjay-malhotra">Sanjay Malhotra</a> taking over from <a href="https://www.deccanherald.com/tags/shaktikanta-das">Shaktikanta Das</a>.</p><p>The following is a list of companies whose restrictions have been removed by the RBI. </p><p>The RBI on Wednesday removed restrictions imposed on DMI Finance and Manappuram Finance-owned Asirvad Micro Finance with immediate effect.</p><p>The regulator had in October barred the two companies, along with Arohan Financial Services and Navi Finserv, from sanctioning and disbursing loans due to "usurious" pricing and charging a significant mark-up over their funding costs.</p><p>The same restrictions on Arohan were lifted last week, and from Navi in December. </p>.Housing loans: With banks being conservative, govt looks at NBFCs.<p>The central bank last month lifted restrictions on Edelweiss Asset Reconstruction and ECL Finance, first imposed in May 2024, which barred them from acquiring financial assets or undertaking structured transactions.</p><p>The regulator was satisfied with the measures taken to address what it had called "evergreening" of distressed loans.</p><p>A unit of financial services firm JM Financial in October resumed financing activities related to shares and debentures, including loans for IPO subscriptions after the central bank ended restrictive measures.</p><p>The RBI in March barred JM Financial Products from issuing such loans, due to regulatory violations and governance concerns. </p><p>In September, the RBI permitted IIFL Finance to resume issuance of gold loans.</p><p>The central bank had barred it from offering gold loans in March, citing concerns about its assessment of gold collateral and violations of the maximum permitted loan-to-value ratio, among other issues. </p><p>The RBI in May reversed curbs imposed on India's largest NBFC, Bajaj Finance, allowing it to restart loan disbursals under two of its lending products.</p><p>The restrictions were levied in November 2023 due to non-adherence with the central bank's digital lending guidelines.</p>