Question

The Reserve Bank of India (RB

  • I has prohibited _________  from lending under two products — Insta EMI and eCOM  due to violations of certain provisions of the digital lending guidelines.  The Insta EMI card, a virtual card, enables customers to shop for 1 million products offered by the company at ‘no-cost EMI’. A pre-approved loan of ____ is also available with this card, featuring a repayment tenure of up to 60 months. Fill in the correct options for the information provided above- 
A Bajaj Finance ; Rs. 2 lakh
B Aditya Birla Capital; Rs.4 lakh
C Muthoot Fincorp; Rs.7 lakh
D Shriram Finance Ltd.; Rs.10 lakh
E None of these
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