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.
In an interview with CNBC-TV18, Rajeev Jain, MD of Bajaj Finance spoke about the company's Q3 performance and his outlook for the company.
Bajaj Finance reported a 36 percent rise in net profit to Rs 555.56 crore for the third quarter of current fiscal. Total Income rose to Rs 2,729.08 crore in comparison to Rs 2,069.62 crore quarter-on-quarter.
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.
SREI Infrastructure Finance posted strong disbursement growth in the quarter gone by, at 40 percent.
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 Finance expects a 25 percent growth in its balancesheet and 20 percent net income growth from a medium-to-long-term point of view, the company's Managing Director Rajeev Jain tells CNBC-TV18.
Mortgage loans, which are of a longer duration, has dragged the growth rate down, says Sanjiv Bajaj, MD of Bajaj Finserv.
In an interview with CNBC-TV18, Bajaj Finance MD Rajeev Jain, discussed the company's third quarter earnings.
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.
Sanjiv Bajaj, MD, Bajaj Finserv says the general insurance industry is still seeing slow growth of 10-11 percent because a large part of the industry is motor insurance and motor sales have remained tepid.
Rajeev Jain, managing director, Bajaj Finance says the company will now focus on its rural and urban business.
The board of the company has already approved a total of Rs 1800 crore of fund raising which includes up to Rs 1400 crore through QIP and Rs 400 crore through warrants to Bajaj Finserv which is the promoter company.
Third quarter net profits for Bajaj Finance rose 33 percent to Rs 258.4 crore while revenues jumped 38 percent to Rs 1,476.5 crore. Shares surged over 15 percent following the earnings declaration. CEO Rajeev Jain said the company was increasing its focus on rural lending.
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.
Bajaj Finance's Q3 PAT is up 21 percent. However, the company took an accelerated provisioning in Q3 (a one-time number), adjusted for that, it would have been a 30 percent profit growth, says Rajeev Jain.
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 has reported profit after tax of 27 percent at Rs 176 crore, which includes a one-time standard asset provisioning to the tune of Rs 18 crore. It's assets under management stood at Rs 19,229 crore.
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.
Sanjiv Bajaj, MD, Bajaj Finserv. says he says the big growth numbers this quarter came from Bajaj Finance and Bajaj Allianz General Insurance, whereas Bajaj Allianz Life insurance has seen a drop as the industry has contracted because of the number of new product regulations in the recent past.
Since last four quarters Bajaj Finance has been reducing its loan exposure to commercial segement including infra, equipments and vendor financing. It is now bottomed out. It will again start lending to this sector.