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.
From the sidelines of the World Economic Forum India Summit in New Delhi, CNBC-TV18 spoke to numerous industry veterans.
General insurance industry's growth might get halved on a stronger base effect, that's the word coming in from Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance, a subsidiary of Bajaj Finserv. "My belief is next year the general insurance industry should be growing close to 16-17 percent", he said.
There are no plans to list either the life or the non-life insurance business. However, there will be quite a few other companies in the general insurance space that may list soon, said Sanjiv Bajaj of Bajaj Finserv.
Sanjiv Bajaj, Managing Director of Bajaj Finserv, told CNBC-TV18 there was no truth to buzz about a buyout of the Allianz Group's stakes in the insurance joint ventures.
Digant Haria of Antique Stock Broking says the NBFCs may face challenges for the coming 1-2 quarters. He is confident that the demand for white goods may make a comeback after a couple of quarters.
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.
Life insurance business is just scratching the surface and it offers immense scope for more such mergers and organic growth potential, Sanjiv Bajaj, Managing Director of Bajaj Finserv, tells CNBC-TV18.
Since application for license is now on-tap or on an ongoing basis, the company will prefer to wait and apply at an appropriate time, says Sanjiv Bajaj, MD of Bajaj Finserv.
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.
Sanjiv Bajaj of Bajaj Finserv says he is comfortable with the current levels of margins and had a good second quarter with respect to topline growth
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.
Sanjiv Bajaj, managing director, Bajaj Finserv says the company is now restricting the kind of customers it gives loans to.
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.
Sanjiv Bajaj, MD, Bajaj Finserv told CNBC-TV18 that the benefit of the rate cut (by RBI) will be achieved only when banks and non banking financial companies (NBFCs) will start implicating it immediately.
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, managing director of Bajaj FinServ & Investments tells CNBC-TV18 that his company is slowly starting to see the effect of slowing growth indicators across the verticals. "But opportunities for growth do exist," he says.
Reserve Bank of India (RBI) panel proposed new tough norms for the non-banking financial companies (NBFCs). In an interview to CNBC-TV18, Sanjiv Bajaj of Bajaj Finserv shared his views on the RBI guidelines for NBFCs. He said that the company seems to quality for most of the aspects mentioned in the press release.
Sanjiv Bajaj, managing director of Bajaj Finserv and Investments joins CNBC-TV18 to discuss what the 50bps means for his company and the industry.
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 managing director Sanjiv Bajaj said on Monday that the tie-up with Warren Buffett-promoted Berkshire Hathaway was purely an "operational" tie-up, and there was no equity tie-up.
Kamesh Goyal, CEO of Allianz Asia Pacific, in an interview with CNBC-TV18’s Reema Tendulkar and Gautam Broker, spoke about the company’s recent tie-up with Berkshire Hathaway and the road ahead.