Bajaj, in an interview with Mint, said the group identifies the talent ‘early’ and move them around in various roles across businesses to gain valuable experience
"We want people to be there at work. We don't control how many hours. Based on the output, they get their incentives," the Chairman and Managing Director of Bajaj Finserv said.
The Pune-based lender had informed the exchanges in October that Allianz was “actively considering” exiting the JVs, in which the German firm holds 26% each
The mortgage lender has seen very strong growth, said Bajaj, and that has been in the backdrop of a very strong pace of economic expansion. This trend, Sanjiv Bajaj said will continue.
Speaking exclusively to Moneycontrol, Sanjiv Bajaj, Chairman & MD, Bajaj Finserv said Bajaj Housing’s ability to go public within seven years from starting the business is reiteration of the level of comfort the company gives to its customers and lenders by being a part of Bajaj group.
Bajaj was responding to external affairs minister S Jaishankar’s remarks that businesses in India should consider national security priorities of the government.
The CMD of Bajaj Finserv was speaking at the industry body's annual summit for corporate governance
Bajaj also noted that the country saw a significant shortage of jobs last year, which is “partly balanced” at the moment. Hiring, as per Bajaj, has started in a few sectors and based on further demand growth, the numbers could grow in the future.
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All five flats face the iconic Arabian sea and are based in Raheja Vivarea, the luxury residential project located in the Mahalaxmi area of south Mumbai.
According to official figures, India's retail inflation continues to remain above the Reserve Bank's tolerance level of 6 per cent since January, while the economic growth in the first quarter of the fiscal was 13.5 per cent, lower than the central bank's estimate of 16.2 per cent.
“India has a golden opportunity over the next 10-20 years to grow between 8-10 percent as an economy. However in order to achieve that we need to continue to focus on building a solid set of domestic financial institutions”, Bajaj said.
Bajaj said that the government should contemplate reduction in personal income tax rates to increase disposable incomes and revive the demand cycle.
The president of Confederation of Indian Industry says things are starting to look better as consumer inflation has started moderating.
Sanjiv Bajaj pointed out that our Indian economy, unlike western economies, has strong growth drivers. And hence, RBI is talking about 7.2 per cent growth, making India the fastest-growing large economy.
"In the last couple of quarters, we have seen growth come back, at least consumer growth. This has happened not only in commodities but in quite a few sectors including chemicals, real estate, housing, and logistics," Bajaj said.
It is also not clear what it takes to get a bank licence in India. In the recent list of rejections, not much is said about why the applications are rejected
In an interview to PTI, he said taxes on petrol and diesel were increased by the government at a time when the price of crude oil in the international market was low and the same needed to be reversed.
Industry lobby new office bearers for 2022-23 have Pawan Munjal as President-Designate and R Dinesh as Vice President.
Sanjiv Bajaj's new term will come into effect from April 1, 2022, and will continue till March 31, 2027, the company said.
The RPG Group chairman Harsh Goenka urged businessmen to be "considerate towards their employees and protect their interests."
The RBI should allow one-time restructuring rather than extending the moratorium, says Bajaj.
"The economy is slowing down any way, whether it is HDFC numbers or whether our own numbers," he said.
"We require more clarity on minimum public shareholding norms," he said.