Under the recent directive from the Reserve Bank of India, Bajaj Finance is instructed to halt loans for which two lending products?
QuickCash and SwiftLoan
FlexPay and RapidCredit
LoanExpress and SpeedyFund
eCOM and Insta EMI
Correct Answer :
D. eCOM and Insta EMI
The Reserve Bank of India (RBI) directed Bajaj Finance to immediately cease the sanction and disbursal of loans under the lending products 'eCOM' and 'Insta EMI Card.' This action was taken due to the companys non-adherence to the existing provisions outlined in the Digital Lending Guidelines of the Reserve Bank of India.
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