18-May-2024
Corporate News
 
RBI lifts restrictions on Bajaj Finance’s digital loan products
03-May-2024

Bajaj Finance announced that the Reserve Bank of India (RBI) has lifted restrictions on its sanctioning and disbursal of loans via eCOM and Insta EMI Card. The central bank had previously directed Bajaj Finance to halt these activities last November due to non-compliance with digital lending guidelines. However, the RBI, in a letter dated May 2, 2024, informed the company that these restrictions are now lifted, attributing it to the remedial actions taken by Bajaj Finance.

News Source:- https://www.financialexpress.com/business/banking-finance-rbi-lifts-restrictions-on-bajaj-finances-digital-loan-products-3475570/
 
 
 

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