SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

NBFC: EXCEEDED WEIGHTED AVERAGE LENDING RATE (WALR) AND INTEREST SPREAD CHARGED OVER THEIR COST OF FUNDS

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	DMI FINANCE PVT.LTD.		EXCEEDED WEIGHTED AVERAGE LENDING RATE (WALR) AND INTEREST SPREAD CHARGED OVER THEIR COST OF FUNDS EXCEEDED WEIGHTED AVERAGE LENDING RATE (WALR) AND INTEREST SPREAD CHARGED OVER THEIR COST OF FUNDS DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON ASSESSMENT OF HOUSEHOLD INCOME AND CONSIDERATION OF EXISTING/ PROPOSED MONTHLY REPAYMENT OBLIGATIONS OBSERVED DEVIATION IN RESPECT OF EVERGREENING OF LOANS, CONDUCT OF GOLD LOAN PORTFOLIO, MANDATED DISCLOSURE REQUIREMENTS ON INTEREST RATES AND FEES, OUTSOURCING OF CORE FINANCIAL SERVICES ETC.	CEASED AND DESIST FROM SANCTIONING OR DISBURSING GOLD LOANS OR ASSIGNING/SECURITISING/SELLING ANY OF GOLD LOAN 17-OCT-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.