In an interview to CNBC-TV18 Sanjiv Bajaj, managing director, Bajaj Finserv & Investments pointed out that the strong profit growth seen in life insurance, general insurance and Bajaj Finance helped the company to clock a rise of 51% in net profit.
In an interview to CNBC-TV18 Sanjiv Bajaj, managing director, Bajaj Finserv said that the company and its underlying businesses have registered good performance in the fourth quarter.
Bajaj FinServ has reported its third quarter numbers. The company's consolidated net profit rose to Rs 170 crore versus Rs 107 crore, YoY. The consolidated net sales grew to Rs 825 crore versus Rs 530 crore, same period last year.
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.
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.
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 & 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.
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 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.
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.
In an interview CNBC-TV18’s Avni Raja, Sanjiv Bajaj, Bajaj Finserv, spoke about the results and his outlook for the company.