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.