Read on the application
Bajaj Finance shares fell over 2% in the stock market today (November 20). Its stock has been falling for the last 7 days. At the same time, it faced a decline on the first day of the market. The reason for this stock drop is the order passed by the RBI against the company on November 15. Following this order, Bajaj Finance has temporarily stopped issuing existing Member Identity (EMI) cards to customers.
In fact, the RBI had asked Bajaj Finance to stop sanctioning and disbursing loans under Ecom and Insta EMI cards. The action was taken in view of non-compliance with the existing provisions of RBI’s Digital Lending Guidelines, particularly the issuance of ‘Key Fact Statements’ to borrowers under these two lending products and ‘Key Fact Statements’ issued in case of other digital loans. Approved by the company. Due to defects in the statement.
This company will produce products worth 45 thousand crore rupees, making investors rich in 5 years
After this decision of RBI, the company’s shares fell from the morning of November 20. BSE But it opened at Rs.7164. It then fell by around 2.5 percent from its previous closing price to Rs. 7050 had fallen to a low. The stock also touched a high of Rs.7239 during the day. Bajaj Finance stock hit a 52-week high on BSE at Rs. 8,190 and a lower Rs. 5,487.25 is. However, it ended the day down 2.11%.
After Byju’s, Unacademy, now this company has wreaked havoc, 10 dozen people have lost their jobs in one fell swoop.
The company’s share on NSE is Rs. 7,151 and then closed at Rs. 7,239 high and Rs. It touched a low of 7,050.10. NSE But the stock hit a 52-week high of Rs. 8,192 and a lower Rs. 5,485.70 is. At the close of trading, Bajaj Finance shares were down over 2 percent at Rs. 7060 was closed.