NEW DELHI :Retailers across the board may suffer after the Reserve Bank of India barred the largest consumer goods financier Bajaj Finance from disbursing loans under two products. On Wednesday, RBI barred Bajaj Finance from lending under its two products—eCom and Insta EMI Card—citing non-compliance with digital lending guidelines. Several retailers that Mint spoke with …
Mumbai: The Reserve Bank of India (RBI) has barred Bajaj Finance Ltd from lending under its eCOM and Insta EMI Card products. “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 …
The Reserve Bank of India has barred Bajaj Finance Limited from sanctioning and disbursing loans under its two lending products — eCOM and Insta EMI Card. In a statement, the apex bank said the company didn’t adhere to the digital lending guidelines under these two lending products. RBI (Representational) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} RBI said …