RBI lifts restrictions on Bajaj Finance's eCOM, Insta EMI Card

The Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's eCOM and Insta EMI Card with immediate effect, the company said in an exchange filing on May 2. In November last year, the RBI directed Bajaj Finance to stop sanction and disbursal of loans under eCOM and Insta EMI Card for allegedly violating digital lending rules.