“We have cut between 8-14% of the business in urban and rural (14% in rural and 8% in rural) as a preventive measure to those who have more small ticket loans. While they may be short term in nature, they represent imprudence. We would have liked to publish this data but for technical reasons we could not publish," said Jain.
Jain had said in July that Bajaj Finance was working on a leverage analysis and planned to share an update in October, eventually publishing it annually. To be sure, Jain has been highlighting the growth in leverage among a section of borrowers in the industry and had said it was taking preemptive steps to “stay out of trouble".
“We wanted to really publish, we were ready but principally the (credit) bureau technically did not allow us to publish and rightfully so. We can share some updates," said Jain.
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Denne historien er fra October 18, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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