Bajaj Finance shares nosedive 4% as RBI bars lending via 2 digital products
The RBI has directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products namely, ‘eCOM’ and ‘Insta EMI Card’.
The RBI has directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products namely, ‘eCOM’ and ‘Insta EMI Card’.
The central bank says non-adherence of Bajaj Finance to the extant provisions of digital lending guidelines of the Reserve Bank of India necessitated this action.
Customers will have the right to be forgotten within three months, says Bajaj Finserv chairman