Bajaj Finance shares nosedive 4% as RBI bars lending via 2 digital products
The RBI has directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products namely, ‘eCOM’ and ‘Insta EMI Card’.
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November 2023
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RBI orders Bajaj Finance to stop disbursing some loans
The central bank says non-adherence of Bajaj Finance to the extant provisions of digital lending guidelines of the Reserve Bank of India necessitated this action.
Bajaj Finance launches QIP worth ₹8,800 cr; sets floor price at ₹7,533.81/share
The company proposes to offer a discount of up to 5% on the floor price
Bajaj Finance Q2 profit up 28% to ₹3,551 cr; NII surges 26%
Bajaj Finance’s assets under management grow 33% or ₹20,167 cr to ₹2,90,264 cr in Q2 FY24; standalone profit surges 26%
Bajaj Finance to launch microfinance, tractor and commercial vehicle financing
The NBFC major is estimated to add 14 million customers—11 million offline and 3 million digital--- in this financial year.
Bajaj Finance’s Fire Fighter
Rajeev Jain has led the Pune-headquartered company’s digital transition and launched new lines of businesses, adding to its heft.
Bajaj Finance to raise ₹12,000 cr via QIP, warrants
Each of the warrants is convertible into an equivalent number of equity shares in 18 months from the date of allotment
LIC Housing Finance, Bajaj Finance, Shriram Finance top RBI’s list of upper-layer NBFCs
RBI issues list of top 15 shadow banks in terms of asset size as these entities have grown big and are systemically "significant"
Battle to Watch: Jio Fin vs Bajaj Fin
Reliance, with its scale and capital, will make it tough for NBFC incumbents and fintech players to grab incremental market share.
Bajaj Finance customers will soon have 'the right to be forgotten': Sanjiv Bajaj
Customers will have the right to be forgotten within three months, says Bajaj Finserv chairman
