RBI Rule Change: Major Impact on Bajaj Finance and Shriram Finance Explained

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RBI Rule Change Threatens Bajaj, Shriram Finance Leadership; Shares Drop

RBI Rule Change Threatens Bajaj, Shriram Finance Leadership; Shares Drop

C

CNBC TV18•11-03-2026, 15:28

RBI Rule Change Threatens Bajaj, Shriram Finance Leadership; Shares Drop

•Macquarie warns Bajaj Finance and Shriram Finance face major impact if RBI removes NBFC regulatory arbitrage.
•Current rules allow NBFCs more flexibility than private banks on MD/ED appointments, tenure, and compensation without RBI approval.
•RBI plans to plug this gap, especially for upper-layer NBFCs, forcing leadership transitions.
•Shriram Finance's Umesh Revankar (14 years) and Bajaj Finance's Rajeev Jain (11 years) face tenure limits.
•Shares of Bajaj Finance dropped 4.5% and Shriram Finance fell 2.6% following the news.

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