Bajaj finance q2 results 2021 date

Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India.

Bajaj Finance shares underperformance enters fifth month; will retail investors hold on to it? Bajaj Finance Q3 Net Profit seen up Bajaj Finance Q3 net profit seen up Bajaj Finance Q2 Net Profit seen up Q2 Earnings Review: The bigger they are, the harder they stall?

Bajaj finance q2 results 2021 date

Bajaj Finance's net profit rose Analysts had expected the NBFC to report stable asset quality and strong loan growth. The company's net interest income NII also increased by The company added 4, employees in Q2FY The annualized attrition in H1 FY24 was Risk metrics across all businesses were stable except rural B2C business. The Company has provisioning coverage ratio of 66 per cent on stage 3 assets as of September 30, As per the investor presentation of the company, the cost of funds of Bajaj Finance was 7. The cost of funds of subsidiary Bajaj Housing Finance also increased 3 bps on a quarterly basis in July-September. Bajaj Finance's asset quality improved in the September quarter. The gross non-performing assets NPA declined to 0. Bajaj Finance announced that it has entered into a binding term sheet with Pennant Technologies to acquire up to a 26 per cent stake. The company's gross non-performing asset ratio deteriorated to 0. Loan demand during the quarter stayed strong despite the Reserve Bank of India RBI keeping its key lending rate steady for a fourth consecutive policy meeting. The RBI has been cautioning lenders about fast-growing personal loan categories for signs of nascent stress, urging them to adopt stronger risk management practices.

Q2 Earnings Review: The bigger they are, the harder they stall? Bajaj Finance Ltd.

Company's annual revenue growth of Source: Consolidated Financials. Average price gain of 3. Stock gave a 3 year return of Bajaj Finance Ltd.

Bajaj Finance on October 17 reported a consolidated net profit of Rs 3, crore for the July-September quarter of the current financial year, up 28 percent from the same quarter of the previous year, missing estimates. The company said the number of loans booked during the quarter rose 26 percent, to 8. In the similar period last year, the consolidated NII stood at Rs 7, crore. On a standalone basis too, the NII increased 26 percent to Rs 8, crore, from Rs 6, crore in a year-ago period. NII refers to the difference between the interest earned by the company, and the interest expended. On a consolidated basis, the interest income of Bajaj Finance rose 38 percent to Rs 11, crore, up from Rs 8, crore in the year ago period. As per the investor presentation of the company, its net interest margin NIM shrank 14 basis points bps sequentially.

Bajaj finance q2 results 2021 date

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Clear all. Education Jobs Lifestyle. Home Elections Sensex sinks points on broad-based selling, Nifty near 22, The Company has provisioning coverage ratio of 66 per cent on stage 3 assets as of September 30, The RBI has been cautioning lenders about fast-growing personal loan categories for signs of nascent stress, urging them to adopt stronger risk management practices. That's all for Bajaj Finance recommendations. PB Ratio x. Pennant is a technology product company, engaged in providing business-driven technology services and software products for the banking and financial services industry. The private insurer's net profit rose to Rs crore in the September quarter from Rs 98 crore in the year-ago period, Bajaj Finserv said. Mint Premium View Less -.

We need not pat our backs because we have done something good for our customers. We have simply tried to meet their needs satisfactorily, efficiently.

Beta Beta 1 Month. Bajaj Finance announced that it has entered into a binding term sheet with Pennant Technologies to acquire up to a 26 per cent stake. No News. Crypto Prices. Annual reports Financial Year from bse. The gross non-performing assets NPA declined to 0. FAQs about Bajaj Finance share 1. Bajaj Finance Q2 shows off its strengths, is it the right time to invest? The cost of funds of subsidiary Bajaj Housing Finance also increased 3 bps on a quarterly basis in July-September. Rakesh Bhatt, Mr. Powered by.