RBI lifts the eCOM and Insta EMI Card Ban of Bajaj Finance
Bajaj Finance announced to the stock exchange that the Reserve Bank of India (RBI) had removed the restrictions on its eCOM and online digital "Insta EMI Card" on Thursday, with an immediate effect.
RBI directs Bajaj Finance to cease lending through ‘eCOM’ and ‘Insta EMI Card’
The banking sector regulator, the Reserve Bank of India (RBI), has taken action under Section 45L(1)(b) of the RBI Act of 1934 and mentioned that Bajaj Finace Limited must follow their instructions with “immediate effect".
