-2.60 (-0.27%) Bajaj Finance has received approval from Reserve Bank of India (RBI) to resume sanction and disbursal of loans through eCOM and Insta EMI Card. In November last year, the central bank had directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products -- eCOM and Insta EMI Card -- due to non-adherence of the company to the extant provisions of digital lending guidelines. The company remains committed to ensure adherence and compliance of regulatory guidelines.
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.