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VERIFIEDET Stocks·negative

Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI's new proposal for NBFCs

AI Summary
  • ·Shares of Bajaj Finance and Bajaj Finserv declined up to 5% following an RBI proposal.
  • ·The RBI proposed restricting NBFCs to offering only term loans, excluding revolving credit products.
  • ·The proposal aims to strengthen prudential norms and encourage innovation in lending.
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