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.
G-sec yields have run up in the last 4 months rapidly. I have always said that we as a company believe in running a well-managed asset liability management (ALM), so we are better positioned, relatively, to manage this degree of rise that we have seen in the G-sec yields, he said.
The loan against property (LAP) business had gone through deterioration but we think it is well on course to be back to the pre-demonetisation levels by end of Q4, he added.
Rural business growth is stronger due to the lower base. We have been investing in this business over the last four-five years, said Jain.
It is our hard efforts over the last four-five years that is beginning to yield good results for us both on volume momentum and profitability, he further mentioned.For full interview, watch accompanying video...