Why Does Kiran Jani Of Jainam Securities Advise Buying Bajaj Finance?

The Reserve Bank of India (RBI) has removed the restrictions imposed on Bajaj Finance’s lending products 'eCOM' and 'Insta EMI Card' with immediate effect, the company informed the exchanges on Thursday. According to the exchange filing, "Now, we wish to inform that the RBI, vide its letter dated 2 May 2024, based on the remedial actions taken by the Company, has conveyed its decision of lifting the said restrictions on 'eCOM' and online digital 'Insta EMI Card' with immediate effect."