What action has the RBI instructed the four NBFCs—Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance Pvt Ltd, and Navi Finserv Ltd—to take as part of the imposed restrictions?

### Concept & Verification Banking and regulatory current affairs concerning the Reserve Bank of India (RBI) actions against Non-Banking Financial Companies (NBFCs). ### Step-by-Step Solution * The RBI recently took strict regulatory action against four prominent NBFCs due to material supervisory concerns, including usurious pricing. * The specific instruction was a "cease and desist" order. * This order specifically restricts them from sanctioning and disbursing new loans, while allowing them to continue servicing existing customers and carrying out recovery operations. ### Exam Strategy & Shortcut RBI typically uses "cease and desist" from new business (like new loans or new credit cards) as a primary punitive measure without immediately shutting down the company to protect existing consumers. ### Common Pitfall Assuming the RBI ordered them to "Shut down permanently" or "Halt loan recovery," which would harm the financial system and the companies' liquidity. ### Final Answer Therefore, the correct answer is **Cease and desist from sanctioning and disbursing loans**.