This is to clarify the actual position relating to the news item that appeared in various newspapers on December 5, 2015, regarding deregistration of Bajaj Finserv limited as an NBFC.
This is to clarify that Bajaj Finserv Limited is the holding company of Bajaj Finance Limited. Bajaj Finserv Limited is now classified as a “Core investment company” as it does not have any public funds including deposits or borrowings. Due to this, Bajaj Finserv is not required to be registered with the Reserve Bank of India (RBI) and has surrendered its NBFC registration for cancellation as required by the RBI.
All lending and deposit business is carried out by Bajaj Finance Limited under the brand umbrella of Bajaj Finserv. Therefore, all lending and deposit businesses shall continue as usual under Bajaj Finance Limited which is registered with RBI as an NBFC.