Reserve Bank may act gainst more NBFCs to check obscure lending practices: Morgan Stanley

New Delhi [India], October 18 (ANI): As Reserve Bank of India (RBI) on Thursday sought action against four Non Banking Financial Companies asking them to cease and desist from making new loan sanctions and disbursements, a report by Morgan Stanley suggests more lending companies might face similar scrutiny.

The report noted that lending rates at Asirvad Microfinance, one of the impacted NBFCs, are not significantly differ