RBI Halts Two Bajaj Finance E-Lending Products
In a recent development, the Reserve Bank of India (RBI) has directed Bajaj Finance to halt the issuance of new loans through its ‘eCOM’ and ‘Insta EMI Card’ due to non-compliance with digital lending guidelines. This action stems from the company’s failure to provide Key Fact Statements (KFS) to borrowers and deficiencies in the KFS … Read more