RBI halts Bajaj Finance’s eCOM, Insta EMI loan issuance due to non-compliance

  • The Reserve Bank of India (RBI) has ordered Bajaj Finance to stop issuing loans under its eCOM and Insta EMI Card products.
  • The directive is due to Bajaj Finance’s failure to adhere to RBI’s digital lending guidelines, specifically the non-issuance of Key Fact Statements for these loan products.
  • The restrictions will be reconsidered once Bajaj Finance rectifies the identified deficiencies to RBI’s satisfaction.


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