The Reserve Bank of India has ordered Navi Finserv, founded by Flipkart co-founder Sachin Bansal, to cease new loan disbursements starting October 21. Citing violations in interest rates and regulatory guidelines, the central bank emphasized the need for compliance in income assessment and asset classification. This decision follows multiple warnings regarding responsible lending practices. While existing customers can continue to receive services, Navi must implement corrective measures to resume lending. The move adds to Navi's challenges, including a previous rejection of its banking license application.