Bajaj Finance Limited, one of India’s leading and diversified Non-Banking Financial Company, and part of Bajaj Finserv, today said its Fixed Deposits book had crossed a milestone of Rs. 50,000 crore.
Bajaj Finance has half a million depositors, with each depositor having placed 2.87 deposits, totalling 1.4 million deposits.
Bajaj Finance has the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL, ICRA, CARE and India Ratings, A1+ for its short-te...
Bajaj Finance Fixed Deposits cross Rs 50,000 crore
Finance and life insurance businesses put up strong performance
In 4QFY22, Bajaj FinServ (BJFIN) reported consol PAT of INR 13.5bn, up 7% QoQ / 38% YoY, with the finance arm, BAF, contributing 95% of the same as the insurance businesses were impacted by higher new business strain and claims. General insurance business, BAGIC, generated a PAT of INR2.5bn in 4QFY22, down 18% QoQ / down 9% YoY, impacted by i) crop claims, ii) higher claims severity of non COVID health claims and iii) lower ca...
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Bajaj Finserv reports 34% increase in Q4 net profit at Rs 1,346 crore
Bajaj Finserv Ltd on Thursday reported a 37 per cent jump in its consolidated net profit at Rs 1,346 crore for the fourth quarter ended in March 2022. The company had posted a net profit of Rs 979 crore during the corresponding period of 2020-21
The consolidated income during the March 2022 quarter increased to Rs 18,862 crore, as against Rs 15,387 crore in the corresponding period of the previous financia...
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