Jan 14, 2015 02:42 PM IST
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.
- Jan 15, 2014 06:26 PM IST
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.
- Jul 18, 2013 06:18 PM IST
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.
- May 15, 2013 07:10 PM IST
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.
- May 15, 2013 06:54 PM IST
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.
- Jan 15, 2013 08:07 PM IST
Bajaj Finance is seen as one of the major contenders for applying the new banking license. In its third quarter earnings, the company has cautiously reduced its exposure to infrastructure lending while extending credit to the affluent class for buying white goods (viz. fridge, tv, washing machine) and vehicles.
- Jan 15, 2013 03:32 PM IST
Rajeev Jain, CEO, Bajaj Finance explains on CNBC-TV18 that the company was able to post a growth of 37 percent thanks to the superlative performance by the company‘s consumer businesses- the consumer electronics financing and the two-wheeler financing arms
- Nov 02, 2012 01:37 PM IST
In an interview to CNBC-TV18 Suresh Ganapathy of Macquarie reviewed the second quarter financial performance of various public and private sector banks.
- Oct 19, 2012 05:22 PM IST
Higher loan provisions tempered Pune-based Bajaj Finance's second quarter (July-September) net profit growth. Without the provisions, the non-banking finance company's net profit would have risen 58% instead of 48%, chief executive Rajeev Jain told moneycontrol.com.
- Jul 17, 2012 03:22 PM IST
Rajeev Jain, CEO of Bajaj Finance said the net profit after tax has been driven up mainly because of credit performance which holds reasonably steady across most of the company‘s businesses. He further added that the margins too are quite secure.
- Jan 18, 2012 02:46 PM IST
In an interview to CNBC-TV18, Rajeev Jain, chief executive officer of Bajaj Finance says, the third quarter has been excellent. According to him, demand has slowed down. “The overall competitive environment remains benign. That is helping us continue to hold our guidance of close to Rs 13,000 crore of AUM by end of Q4,” he adds.
- Oct 19, 2011 05:55 PM IST
In an interview to CNBC-TV18, Sanjiv Bajaj, managing director of Bajaj FinServ said, the life insurance business has seen very strong profit. “But on the top-line, the industry and we have continued through four-five quarters of declining growth.” From third-fourth quarter, he expects some growth coming on the top-line of life insurance business.
- Oct 19, 2011 04:05 PM IST
Bajaj Finance sees FY12 profit up 50 pct - CEO
- Jul 29, 2011 02:10 PM IST
Sanjiv Bajaj, managing director of Bajaj FinServ & Investments, in an interview with CNBC-TV18's Latha Venkatesh, said that their will either be a slowdown on topline growth or crimping of margins with Reserve Bank of India's (RBI) shocking rate hike.
- Jul 13, 2011 03:35 PM IST
In an interview with CNBC-TV18, Rajeev Jain, chief executive officer of Bajaj Finance said, the company is continuing to see improvement in asset quality across lines of business. He sees loan book at Rs 11,500-12,000 by FY12-end.
- May 17, 2011 05:52 PM IST
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.
- Jan 18, 2011 03:43 PM IST
Rajeev Jain, CEO of Bajaj Finance, in an interview on CNBC-TV18 said the company delivered its highest ever profits in the third quarter for this financial year. “For nine months of the year as well, the company has had an excellent run so far where we are up 180% YoY on a consolidated basis,” he claimed.