We believe that the RBI ban on Bajaj Finance lending via eCOM and Insta EMI cards would be lifted by the end of this quarter or most probably by the fourth quarter of this financial year. This could also turn out to be a phenomenon for the entire sector as of now.
The Reserve Bank of India (RBI) has prohibited Bajaj Finance, India s top consumer financier, from approving loans for two products, citing non-issuance of key fact statements (KFS). A KFS includes crucial loan details, mandated by RBI, absent in digital loans. Impact forecasts vary; a Macquarie report highlights potential effects on Bajaj Finance s customer base
The meeting is expected to take place during the APEC summit. There has always been tension with the use of AI ever since its rise in popularity. Many concerns have floated around social media and crowds, which is why both companies and agencies have been hard at work to regulate it.
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