Question

    When did the RBI lift the supervisory restrictions on

    Navi Finserv?
    A November 1, 2024 Correct Answer Incorrect Answer
    B October 21, 2024 Correct Answer Incorrect Answer
    C September 30, 2024 Correct Answer Incorrect Answer
    D November 15, 2024 Correct Answer Incorrect Answer
    E October 1, 2024 Correct Answer Incorrect Answer

    Solution

    The RBI lifted the supervisory restrictions on Navi Finserv, led by Sachin Bansal, on October 21, 2024. The restrictions were imposed due to non-compliance with fair loan pricing regulations. Navi Finserv revamped its processes and systems to ensure compliance and was subsequently cleared to resume loan sanctions and disbursements.

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