Bajaj Finance had in a filing last month said that the RBI in its order dated November 15 directed the NBFC to stop sanction and disbursal of loans under its two lending products!

Shares of RBL Bank Ltd and Bajaj Finance Ltd took a beating in Tuesday's trade amid a media report that suggested that the Reserve Bank of India (RBI) has granted a one-year extension for their co-branded cards, less than what the two had requested for.The apex bank has granted an extension until December 21, 2024, as per CNBC TV-18 sources. Bajaj Finance had on October 27 sought a longer extension for its credit card ties with RBL Bank, the report suggested.

      The apex bank has granted an extension until December 21, 2024, as per CNBC TV-18 sources. Bajaj Finance had on October 27 sought a longer extension for its credit card ties with RBL Bank, the report suggested.

      the Reserve Bank of India (RBI) has granted a one-year extension for their co-branded cards, less than what the two had requested for.

      At 2.44 pm, shares of RBL Bank were trading 4.15 per cent lower at Rs 261.25. Bajaj Finance shares were down 1.82 per cent at Rs 7,162.30.

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