Bajaj Capital’s Sanjiv Bajaj Urges Policy Shift for Financial Services Intermediaries

At the TIE India Internet Day 2025 in Gurugram, Sanjiv Bajaj, Managing Director (MD) of Bajaj Capital, has called for the creation of a dedicated independent regulator to safeguard the interests of financial services distributors in India.

Bajaj highlighted that existing regulators like the RBI, IRDAI, and SEBI primarily focus on banks, insurance companies, and mutual funds, leaving distributors without direct oversight. Bajaj noted that India has around 1.5 crore distributors and argued that regulations can serve as an enabler, ensuring clear operational frameworks. He said protecting distributors is essential for advancing financial inclusion and supporting self-employment.

Bajaj pointed to the models in the US and UK as examples to follow and added that strong regulations have made financial services safer, enhancing investor confidence and supporting Fintech growth.

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