Bajaj Finance set for a sturdy quarter despite RBI restrictions
Mint Mumbai|January 05, 2024
Bajaj Finance Ltd is set for another sturdy quarter, as indicated by its business update for the three months ended December (Q3FY24).
Bajaj Finance set for a sturdy quarter despite RBI restrictions

This is in spite of the Reserve Bank of India (RBI)'s directive, asking Bajaj Finance to stop. sanctioning and disbursing loans under two lending products-eCOM (e-commerce loans) and Insta EMI Card. In Q3, Bajaj Finance acquired around 3.85 million customers taking its customer base to 80.4 million.

This is the highest addition at least in the past 10 quarters. Tailwinds in the form of festive season played a role in customer acquisition.

Further, the new loans booked in Q3 rose by 26%, while its deposit book as on the quarter end clocked growth of 35% year-on-year.

この記事は Mint Mumbai の January 05, 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。

この記事は Mint Mumbai の January 05, 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。

MINT MUMBAIのその他の記事すべて表示
Transforming leaders of today and tomorrow for far-reaching changes that lie ahead
Mint Mumbai

Transforming leaders of today and tomorrow for far-reaching changes that lie ahead

Egon Zehnder works closely with Boards as well as leaders, helping them find their unique voice and uncover the potential they might not otherwise recognize

time-read
4 分  |
November 13, 2024
Mint Mumbai

Ex-Orios partners launch $75 mn fund

Anup Jain and Rajeev Suri, former managing partners of Orios Venture Partners, have launched a $75 million fund to back a mix of early and late-stage startups in fintech, climate and sustainability and consumer-driven B2C startups under their new investment vehicle—Blue Green Ventures.

time-read
1 min  |
November 13, 2024
NoBroker morphing into financial services company
Mint Mumbai

NoBroker morphing into financial services company

NoBroker gets a fourth of its over ₹600 crore revenue from its financial services business

time-read
3 分  |
November 13, 2024
Mint Mumbai

India in top 10 globally for patents, trademarks and industrial designs

India now ranks among the top 10 countries globally in the number of patents, trademarks and industrial design applications, according to the World Intellectual Property Organization's (WIPO) 2024 report on IP trends.

time-read
1 min  |
November 13, 2024
63 businesses find debt resolution in Q3
Mint Mumbai

63 businesses find debt resolution in Q3

In the eight years since IBC came into force, 1,068 companies have been pulled back from insolvency

time-read
2 分  |
November 13, 2024
Mint Mumbai

Centre asks states to list power utilities

Power minister Manohar Lal said ₹42 trillion of investments are required in the sector by 2030

time-read
1 min  |
November 13, 2024
Mint Mumbai

Goods exports in Q3 may hit $107.5 bn

India's merchandise exports are likely to rise 1.85% year-on-year to $107.5 billion in the third quarter of FY25, according to India Exim Bank.

time-read
1 min  |
November 13, 2024
NFRA board revises all audit norms despite ICAI dissent
Mint Mumbai

NFRA board revises all audit norms despite ICAI dissent

The matter of audit revision dates back to the 2009 Satyam Computers scandal

time-read
2 分  |
November 13, 2024
Mint Mumbai

India aims to lift air cargo to beat Red Sea bump

India's commerce ministry is pitching for air cargo to ship products such as pharmaceuticals, textiles, electronics and perishables that rely on swift delivery as disruption in the Red Sea trade route has increased freight costs, two people aware of the development said.

time-read
2 分  |
November 13, 2024
Zepto eyes $250 mn from HNIs, wealth cos at flat valuation
Mint Mumbai

Zepto eyes $250 mn from HNIs, wealth cos at flat valuation

Quick commerce startup Zepto is looking to raise about $250 million from high-net-worth individuals and wealth management firms, including Motilal Oswal, IIFL and InCred, at a near-flat valuation of $5 billion, three people familiar with the matter said.

time-read
2 分  |
November 13, 2024