Bajaj Finserv is set to follow in the footsteps of Bajaj Finance and be included in the Nifty. In an interview to CNBC-TV18, Sanjiv Bajaj, MD of Bajaj Finserv spoke about the latest happenings in the company and the sector.
Speaking to CNBC-TV18 Rajeev Jain, MD of Bajaj Finance said that post demonetisation all verticals except for business loans have seen growth and the company has decided to be more cautious on loan against property and small businesses.
Ramesh Damani‘s popular Wizards of Dalal Street is back, and this time Damani interviewed Rahul Rathi, MD & Chairman of Purnartha Investment Advisors. Rathi spoke about his two styles of investing: Invest in a business, and the other strategy is to invest in the businessman.
Nidesh Jain of Investec Capital Services spoke about the reverse merger among other things. He said Bajaj Finance & Bajaj Finserv are big beneficiaries among NBFCs.
Bajaj Finserv and its listed subsidiary Bajaj Finance have had yet another rollicking year, both in terms of business and share price performance, and MD Sanjiv Bajaj says he plans to do the same thing he's done for years in 2016 too.
In an interview to CNBC-TV18, Rajeev Jain, managing director, Bajaj Finance, shares his views on the company's growth in Q1 and his outlook for the days to come.
Rajeev Jain, managing director, Bajaj Finance says the company will now focus on its rural and urban business.
The company is not looking at listing its insurance business in the coming years because the company is at present adequately capitalised and neither do the promoters need the money, says Sanjiv Bajaj, Managing Director of Bajaj Finserv.
Speaking to CNBC-TV18‘s Latha Venkatesh, VR Iyer CMD, Bank of India said the improvement in infrastructure sector can been seen only after the general elections.
Sanjiv Bajaj, MD, Bajaj Finserv brushed aside rumours of Bajaj Auto being worried about the impact on exclusivity deal if Bajaj Finance were to get a bank lisense. Bajaj Finance infact continues to have strategic deals with Baja Auto, he adds.
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.