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Company is well-positioned to manage rise in G-sec yields: Bajaj Finance

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.

February 02, 2018 / 02:08 PM IST

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.

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CNBC-TV18
first published: Feb 2, 2018 02:08 pm
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