The Reserve Bank of India (RBI) on Wednesday lifted the business restrictions imposed on two non-banking financial companies (NBFCs) – Asirvad Micro Finance Limited and DMI Finance Private Limited. The restrictions, issued on October 17, 2024, barred these NBFCs from sanctioning and disbursing loans effective from the close of business on October 21, 2024.Asirvad Micro Finance Limited, a microfinance institution (MFI) registered in Chennai, and DMI Finance Private Limited, an investment and credit company (ICC) based in New Delhi, faced the restrictions due to non-compliance with regulatory guidelines.Following the RBI’s directions, the two companies initiated remedial measures and submitted compliance reports. After evaluating the companies’ revamped processes, systems, and their commitment to ensuring fairness in loan pricing and adherence to regulatory guidelines, the central bank has now lifted the sanctions with immediate effect.