It also lowered rates more on long-tenure deposits, perhaps indicating both the receivable time-lines of Bajaj Finance’s assets and stiffer competition for shorter-tenure commitments in a falling rate cycle. This is the second such reduction by Bajaj Finance.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.