$BAJFINANCE shares fall over 4% as RBI draft rules target NBFC revolving credit

Shares of Bajaj Finance Limited fell over 4 per cent in intraday trading on Friday, August 7, after the RBI proposed a ban on non-banking financial companies (NBFCs) offering revolving credit facilities under draft amendment directions. Shares of Bajaj Finance were trading at Rs 1095.90, down Rs 54 or 4.70 per cent from the previous close of Rs 1,149.90, on the BSE at the time of filing the report. The stock opened at Rs 1,110.40 while it hit an intra-day low of Rs 1,086.00.