Bajaj Finance, which posted stellar Q4 performance, hopes its NII to grow by 20-25 percent in 2013-14 and also see improvement in net interest margin.
Rajeev Jain, CEO, Bajaj Finance, says that the company plans to raise Rs 750 crore, which will take care of our growth needs for the next 2.5-3 years and we will be well capitalized to fund our growth.
Rajeev Jain, CEO, Bajaj Finance explains to CNBC-TV18 that the company will raise funds well in time, maybe in the January- March quarter next year. Jain adds that there has been no fall in demand in the company‘s consumer durables and two-wheeler segments.
MD of Bajaj FinServ Sanjiv Bajaj tells CNBC-TV18 that the proceeds of their rights issue will be used to fund growth and expansion plans.
Sanjiv Bajaj, MD, Bajaj Finserv in an interview with CNBC-TV18 spoke about its subsidiary Bajaj Finance which is raising additional funds to the tune of Rs 750 crore through qualified institutional placement (QIP) and a preferential issue.
Bajaj Finserv has reported a strong quarter with income surging to Rs 1300 crore. Sanjiv Bajaj, MD, tells CNBC-TV18 that the company can maintain its margins in the next 2 quarters, but a further hike in interest rate could play spoilsport ahead.