The Reserve Bank of India (RBI) has barred Bajaj Finance from lending under two products — Insta EMI and eCOM citing violations of certain provisions of the digital lending guidelines. This includes the non-issuance of key fact statements (KFS) to borrowers for these two lending products and deficiencies in KFS issued for other digital loans sanctioned by the company. The Insta EMI card, a virtual card, enables customers to shop for 1 million products offered by the company at ‘no-cost EMI’. A pre-approved loan of Rs 2 lakh is also available with this card, featuring a repayment tenure of up to 60 months.
What describes 'Disguised unemployment' accurately?
Which Five Year Plan in India has the tagline – Faster Sustainable and more inclusive growth?
Which organization publishes the 'World Economic Outlook'?
Goods whose demand increases as their price rises are known as?
Up to what limit, FDI in insurance sector is allowed by the Government of India ?
What is the essence of 'barter' in economic transactions?
Upon which economic model was India's first Five-Year Plan based?
Which of the following committees examined and suggested the financial sector reforms?
What does a Free Trade Policy typically involve?
Which term describes a situation where inflation is high, economic growth rate slows, and unemployment remains steadily high.
