RBI sends letter of displeasure to Bajaj Finance on co-branded credit cards, sources say – Banking & Finance News
The Reserve Bank of India (RBI) has sent a letter of displeasure to Bajaj Finance regarding its co-branded credit card operations, confirmed a report by CNBC TV18. The RBI communication, citing its earlier letter dated Jan 31 and the company’s response on Feb 22, said that the company has failed to proactively identify operational gaps