Bajaj Finance pivots to profitability with AI, scales back payments ambitions
1 week, 3 days ago

Bajaj Finance pivots to profitability with AI, scales back payments ambitions

Live Mint  

MUMBAI : Bajaj Finance Ltd, one of India’s leading non-bank lenders, is scaling back its ambitions in the payments and credit card businesses as part of a revised five-year roadmap, BFL 3.0. Read this | Bajaj Finance set for a sturdy quarter despite RBI directive Explaining the rationale behind re-evaluating Bajaj Pay, the company’s payments platform, Jain said, “After three years of work and if you use Bajaj Pay, you would find that the functionalities are virtually similar to a Google Pay and PhonePe. According to data from National Payments Corp. of India, Bajaj Finance ranked 24th in the UPI payment business with 8 million transactions for the month of November. Read this | Even beyond UPI, Indian payments space is changing Meanwhile, Even as Bajaj Finance scales back in payments, it has set ambitious growth goals under BFL 3.0.

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History of this topic

Bajaj Finance stock may face near-term pain as it marches ahead on growth, seeking wider market share
1 week, 3 days ago

Bajaj Finance stock may face near-term pain as it marches ahead on growth, seeking wider market share

Live Mint  

Bajaj Finance Ltd laid out its long-range strategy for 2025-29, building on the framework of last year’s 2024-28 strategy. Among the key goals, the non-banking financial company expects to increase its share in the total credit market to 3.2-3.5% by FY29, representing a significant rise from 2.1% at September-end. Now, under BFL 3.0, Bajaj Finance aims to position itself as …

SBI Card: Puzzling investors’ fancy for cards biz
1 month, 2 weeks ago

SBI Card: Puzzling investors’ fancy for cards biz

Live Mint  

The September quarter results of SBI Cards and Payments Services Ltd may be rather forgettable, but the stock still trades at the levels seen after June quarter earnings were announced. However, SBI Card's return on assets stood at 2.7% for the September quarter vis-à-vis 4.5% for Bajaj Finance. Both companies essentially earn money from loans, but unlike SBI Card, Bajaj …

Bajaj Finance Q2 FY24 results: profit rise by 27.7% YOY
1 year, 2 months ago

Bajaj Finance Q2 FY24 results: profit rise by 27.7% YOY

Live Mint  

Bajaj Finance, the leading financial services company, has declared their Q2 FY24 results on 17 Oct, 2023. In addition, when compared to the previous quarter, Bajaj Finance reported a growth of 7.04% in revenue and 3.31% in profit. In terms of stock performance, Bajaj Finance has delivered a return of 0.12% in the last 1 week, 36.81% in the last …

Bajaj Finance Q1FY24 Update: Loan book up 34%, AUM up 32% to ₹2.7 lakh crore
1 year, 5 months ago

Bajaj Finance Q1FY24 Update: Loan book up 34%, AUM up 32% to ₹2.7 lakh crore

Live Mint  

Bajaj Finance's loan book grew 34 per cent to 9.9 MM in the April-June quarter of the current fiscal, compared to 7.2 MM in the corresponding period last year. The company recorded highest ever quarterly increase in its customer franchise of 3.84 MM in Q1 FY24, said Bajaj Finance in a regulatory filing to the stock exchanges on July 3. …

Bajaj Finance target price raised by Jefferies, 18% upside expected
1 year, 6 months ago

Bajaj Finance target price raised by Jefferies, 18% upside expected

Live Mint  

Bajaj Finance, the non-banking finance company, has received a boost from global research house Jeffries. Jefferies has raised its target price on Bajaj Finance citing its strong loan book growth, robust new customer acquisition and stable margins and asset quality. Jefferies highlighted a presentation made by Bajaj Finance CEO Rajeev Jain who spoke about the company’s strong presence in consumer …

Bajaj Finance Q4 net rises 30% on stronger interest income
1 year, 7 months ago

Bajaj Finance Q4 net rises 30% on stronger interest income

Live Mint  

Consumer financier Bajaj Finance Ltd on Wednesday reported a 30% year-on-year rise in consolidated net profit to ₹3,158 crore for the three months to March, owing to higher net interest income. In Q4 FY23, Bajaj Finance said it recorded highest-ever quarterly growth in assets under management of ₹16,537 crore. In Q4, Bajaj Finance said it added 3.09 million new customers …

Maruti Suzuki launches online finance facility for customers in over 30 cities
3 years, 11 months ago

Maruti Suzuki launches online finance facility for customers in over 30 cities

Live Mint  

Maruti Suzuki India on Thursday announced the launch of their online financing platform – Smart Finance - for Maruti Suzuki ARENA customers across 30+ cities. "With the launch of Smart Finance, now 24 out of 26 steps in the customer vehicle purchase journey have been digitised," Maruti Suzuki said in a regulatory filing. Maruti Suzuki has onboarded twelve financiers for …

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