Bajaj Finance had 77 million customers as on Sep-23, of which 42 million had EMI cards and of that, 4 million had Insta EMI Cards. This implies that the product is 5% of total customers and 10% of EMI customers.
India’s central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank disclosed lapses in its derivatives accounting, three sources
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