India’s leading non-bank lender, Bajaj Finance, announced on April 25 that it has taken the necessary steps to comply with the Reserve Bank of India’s (RBI) directives concerning two of its lending products. The company has formally reached out to the regulatory authority, seeking a review and removal of the restrictions imposed.In response to the RBI’s action last year, which instructed Bajaj Finance to cease the sanction and disbursal of loans under its ‘eCOM’ and ‘Insta EMI Card’ products with immediate effect, the company has made the requisite adjustments. The RBI cited non-compliance with the existing provisions of digital lending guidelines, specifically regarding the issuance…
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Bajaj Finance complies with RBI’s directives, formally requests review of imposed restrictions
