Grey Area: Debating Bajaj Finance’s ‘Flexi Loan’ Switch
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Grey Area: Debating Bajaj Finance’s ‘Flexi Loan’ Switch

Bajaj Finance Ltd., which reported quarterly earnings on Tuesday, threw in a twist. The non-bank lender took a substantial amount of term loans and converted them into a product called ‘flexi loans...
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