The Reserve Bank of India, on Thursday, lifted restrictions on Bajaj Finance Ltd.’s eCOM and online digital Insta EMI Card products with immediate effect, according to an exchange filing from the lender. “Now, we wish to inform that the RBI, vide its letter dated May 2, 2024, based on the remedial actions taken by the …
India could have its first stock with a market of $1 trillion by 2032, according to ICICI Securities, and there are three contenders: HDFC Bank Ltd., Reliance Industries Ltd. and Bajaj Finance Ltd. The first company to breach the market cap of $1 trillion would be on the back of peak corporate profitability of 7% …
Stock Market News: Domestic benchmark equity indices Nifty 50 and Sensex ended in red on Tuesday’s session dragged down by information technology (IT), financials, and auto stocks. The broader market also finished lower. Pharma, oil and gas, and metals stocks witnessed some buying. The S&P BSE Sensex dropped 0.53% to 71,892.48 points, while the Nifty …
“This action is necessitated due to non-adherence of the company to the extant provisions of digital lending guidelines of Reserve Bank of India, particularly non-issuance of key fact statements to the borrowers under these two lending products and the deficiencies in the key fact statements issued in respect of other digital loans sanctioned by the …