Bajaj Finance zooms on getting RBI`s nod to resume disbursal of loans via eCOM, Insta EMI Card
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Bajaj Finance is currently trading at Rs. 7255.05, up by 374.05 points or 5.44% from its previous closing of Rs. 6881.00 on the BSE.
The scrip opened at Rs. 7350.00 and has touched a high and low of Rs. 7400.00 and Rs. 7234.75 respectively. So far 90068 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8190.00 on 06-Oct-2023 and a 52 week low of Rs. 6,185.45 on 04-May-2023.
Last one week high and low of the scrip stood at Rs. 7400.00 and Rs. 6710.45 respectively. The current market cap of the company is Rs. 455401.74 crore.
The promoters holding in the company stood at 54.69%, while Institutions and Non-Institutions held 34.96% and 10.34% respectively.
Bajaj Finance has received approval from Reserve Bank of India (RBI) to resume sanction and disbursal of loans through eCOM and Insta EMI Card. In November last year, the central bank had directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products -- eCOM and Insta EMI Card -- due to non-adherence of the company to the extant provisions of digital lending guidelines. The company remains committed to ensure adherence and compliance of regulatory guidelines.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.
