Bajaj Finserv jumps as its arm, CRIF High Mark partner to boost credit reach for Indian Consumers
Bajaj Finserv is currently trading at Rs. 1886.25, up by 45.80 points or 2.49% from its previous closing of Rs. 1840.45 on the BSE.
The scrip opened at Rs. 1841.30 and has touched a high and low of Rs. 1888.25 and Rs. 1833.00 respectively. So far 21962 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2029.00 on 27-Sep-2024 and a 52 week low of Rs. 1419.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1893.35 and Rs. 1728.15 respectively. The current market cap of the company is Rs. 301170.39 crore.
The promoters holding in the company stood at 60.64%, while Institutions and Non-Institutions held 16.32% and 23.04% respectively.
Bajaj Finserv’s subsidiary -- Bajaj Finserv Direct (Bajaj Markets) has partnered with CRIF High Mark to help individuals gain deeper insights into their credit behaviour. In accordance with this, individuals can get their credit score on Bajaj Markets from CRIF High Mark for free. This can help borrowers understand their eligibility for various credit products better and choose options that best suit their needs. The CRIF High Mark score ranges between 300 - 900. A higher score signifies better creditworthiness, leading to a lower lending risk being associated with the individual.
Checking the CRIF High Mark score on Bajaj Markets results in a soft credit check which does not impact the score. This makes it easier for individuals to regularly access and monitor their score without having to face any significant impact. Such frequent checks can help individuals understand their credit status and plan for future loan or credit card applications accordingly.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
