Bajaj Finance Ltd.

Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Bajaj Finance for violating ‘fair practices code’. This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the NBFC with its customers.

Bajaj Finance, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country.