RBI orders Bajaj Finance to cease providing loans through eCOM and Insta EMI Card platforms
Indian banking regulator Reserve Bank of India (RBI) has taken action against Bajaj Finance, directing the company to immediately halt the sanctioning and disbursing of loans under its ‘eCOM’ and ‘Insta EMI Card’ products. This move comes as a result of Bajaj Finance’s failure to adhere to the digital lending guidelines set by the RBI….