RBI clears Bajaj finance products, stock up 8%
The Business Guardian|May 04, 2024
In a significant development, Bajaj Finance witnessed a remarkable surge in its share price, jumping over 7% in early trade on Friday.
RBI clears Bajaj finance products, stock up 8%

This surge came in the wake of the Reserve Bank of India (RBI) lifting restrictions on two of the company’s crucial products, namely eCOM and the online digital ‘Insta EMI Card’.

Bajaj Finance shares rallied as much as 7.54% to reach ₹7,400.00 apiece on the Bombay Stock Exchange (BSE), signalling a strong investor response to the positive news. Additionally, Bajaj Finserv shares also experienced a surge, climbing more than 6%.

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