The RBI has given Bajaj Finance permission to once again approve and disburse new loans using the “eCOM” program and online using its “Insta EMI Card.”
“We wish to inform that the RBI, vide its letter dated 2 May 2024, based on the remedial actions taken by the Company, has conveyed its decision of lifting the said restrictions on eCOM and online digital ‘Insta EMI Card’, with immediate effect. The Company would now resume sanction and disbursal of loans in the above two business segments including issuance of EMI cards,” Bajaj Finance said in a regulatory filing.
