What next after the Bajaj Housing Finance IPO? Any other subsidiary that you will look to list?
Bajaj: First, this IPO is a combination of the high growth we have seen in the housing finance arm and our desire to diversify the sources of capital as we continue to fund this growth and also the Reserve Bank of India's (RBI's) requirement as an upperlayer non-banking financial company (NBFC) to list before September 2025. As distinct from that, the two insurance companies are adequately capitalised. And their growth is being more than met by the internal capital they generate. So, there are no plans right now.
The housing finance company is growing at a rapid pace. Is the regulator comfortable with the pace?
Jain: Regulation in our assessment does not come only from growth. So far we never had a conversation with regulators where they have pointed out that we are growing very fast. I think the way regulators look at things is that they consider capital adequacy, corporate governance, the gross non-performing assets ratio, or whether you carry a systemic risk to the system overall or not. Compared to the market size, growth percentage is also a question of relativity. If you look from the inception till now, it will look like our growth percentage is very high. But from the overall market point of view, we remain very small.
Would you look to bring down your dependence on bank funding?
この記事は Business Standard の September 04, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の September 04, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
A yr of Israel-Hamas war: Trade with W Asia holds steady
However, trade with Israel, Lebanon, Jordan declines during January-July period
Lights, Camera, Commerce! Rajinikanth and Bachchan unite in branding mega-hit
The sharp dialogues of Andha Kanoon (1983), the captivating strains of Aana Jaana Laga Rahega from Geraftaar (1985), and the vibrant energy of Jumma Chumma De De from Hum (1991) have left an indelible mark on the memories of those who grew up in the '80s and '90s. These films celebrated the artistry of two icons of Indian cinema - Amitabh Bachchan and Rajinikanth - creating a rich tapestry of nostalgia that continues to resonate with fans.
West Asia crisis forces airlines to reroute
The closure of Iranian airspace after Iran fired missiles on Israel amid the crisis in West Asia have forced carriers to reroute various flights to Europe from Mumbai, increasing their flying duration by up to 20 minutes.
Status quo on rate; stance too may not change
Growth-inflation dynamics are shifting slowly, but the RBI may not be in a hurry to act amid too many uncertainties
A decade of Make in India
An uptick in manufacturing activity a decade since the launch of the Make in India initiative notwithstanding, India's integration with global value chains faces some challenges.
MODEL CODE OF CONSTRUCT
Apple is replicating its China model of manufacturing in India, with tweaks. How is it working out?
Money in the bank
The cash reserve ratio's use to ensure monetary stability is being debated as lenders' deposit growth slows down, reports RAGHU MOHAN
How India made M&A easier for companies
The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand.
Rising home prices: Consider outskirts, in-progress projects
But be mindful of the potential drawbacks of these options and make balanced choices
Retail investors vs algos: Like lambs to slaughter
TRUTH BE TOLD
