Bajaj Finance gets ‘letter of displeasure’ from RBI on co-branded credit cards: Exclusive
Bajaj Finance Ltd., one of India’s leading non-bank lenders, has received a “letter of displeasure” from the Reserve Bank of India with regards to its co-branded credit cards, sources with knowledge of the matter told CNBC-TV18 on Thursday, April 3. The RBI letter states that Bajaj Finance has not proactively identified gaps and vulnerabilities and