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Bajaj Finance temporary suspends issuance of EMI cards

18 Nov 2023 Evaluate

Bajaj Finance has temporarily suspended issuance of Existing Member Identification cards (‘EMI cards’) to new customers till such time that the deficiencies observed by Reserve Bank of India (RBI) are rectified to their satisfaction. The Company continues to offer financing to new and existing customers at dealer stores in the normal course of business. RBI had directed the company to stop sanction and disbursal of loans under its two lending products namely, ‘eCOM’ and ‘Insta EMI Card’.

The Company is in the process of implementing requisite actions to make good the deficiencies at the earliest, and will continue to engage with RBI to ensure compliance on all parameters.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.

Bajaj Finance Share Price

898.50 -25.90 (-2.80%)
13-Apr-2026 16:59 View Price Chart
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