
RBI takes action against Bajaj Finance for non-compliance with digital lending norms
Mumbai, (UNI) The Reserve Bank of India (RBI) on Wednesday directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products ‘eCOM’ and ‘Insta EMI Card’, with immediate effect. The RBI in a media release said that it took action against the non-banking finance company for its non-compliance with digital lending…