Bajaj Finance has 27% of loanbook below moratorium, avoided attend to riskier customers: MD Rajeev Jain

Bajaj Finance has 27% of loanbook below moratorium, avoided attend to riskier customers: MD Rajeev Jain

Home > Companies > News > Bajaj Finance has 27% of loanbook under moratorium, avoided benefit to riskier customers: MD Rajeev Jain Bajaj Finance MD Rajeev Jain. 3 min read . Updated: 19 May 2020, 08:56 PM IST Shayan Ghosh Auto finance business of the company has the highest percentage of loans under moratorium at…

View More Bajaj Finance has 27% of loanbook below moratorium, avoided attend to riskier customers: MD Rajeev Jain
Bajaj Finance Q4 results: Profit slips 19% YoY to Rs 948 crore as provisions surge

Bajaj Finance Q4 results: Profit slips 19% YoY to Rs 948 crore as provisions surge

ETMarkets.com|Last Updated: May 19, 2020, 06.22 PM ISTPTIThe company said that it has lost 10 productive days in Q4FY20 due to Covid-19 pandemic and the consequent lockdown. HighlightsThe company made provisions of Rs 1,954 crore in Q4FY20 against Rs 409 crore in Q4FY19The company said that it has lost 10 productive days in Q4FY20 due…

View More Bajaj Finance Q4 results: Profit slips 19% YoY to Rs 948 crore as provisions surge
Bajaj Finance Q4 revenue falls 19% to Rs 948 crore on COVID-19 provisions; NII jumps 38%

Bajaj Finance Q4 revenue falls 19% to Rs 948 crore on COVID-19 provisions; NII jumps 38%

NBFC major Bajaj Finance on May 19 announced a profit after tax of Rs 948 crore for the quarter ended March 2020, a 19.4 percent decline compared to numbers of the corresponding period last fiscal.The profit was impacted by higher provisions but supported by lower tax as the company adopted a reduced rate of 25.17 percent for computation…

View More Bajaj Finance Q4 revenue falls 19% to Rs 948 crore on COVID-19 provisions; NII jumps 38%
Possess A Mahindra SUV Now & Pay In 2021; Recent Finance Schemes Offered

Possess A Mahindra SUV Now & Pay In 2021; Recent Finance Schemes Offered

You can buy a new Mahindra vehicle now and pay next year or else you can opt for 90 days moratorium and 100 per cent on-road financing Mahindra & Mahindra has today announced in an official statement a wide range of new finance schemes to attract customers during these difficult times. They include personalised offerings…

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AU Puny Finance Financial institution stock impress jumps 4% after Singapore govt buys over 19 lakh shares

AU Puny Finance Financial institution stock impress jumps 4% after Singapore govt buys over 19 lakh shares

Government of Singapore bought 19,69,686 shares of the bank at Rs 414.6 per share, bulk deal data on May 18 showed on NSE. AU Small Finance Bank share price jumped 4 percent in opening on May 19 after the Government of Singapore bought 19,69,686 shares at Rs 414.6 per share, bulk deal data on May 18 showed…

View More AU Puny Finance Financial institution stock impress jumps 4% after Singapore govt buys over 19 lakh shares
Bajaj Finance also can chronicle double-digit increase in Q4 earnings

Bajaj Finance also can chronicle double-digit increase in Q4 earnings

Bajaj Finance on May 19 is expected to report double-digit growth across all earnings parameters for the quarter ended March 2020. There could be an increase in provisions too.Profit growth is likely to be in the range of 12-45 percent while the net interest income as well as pre-provision operating profit (PPoP) could grow more than…

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Finance minister publicizes easing of restrictions on utilisation of Indian air dwelling

Finance minister publicizes easing of restrictions on utilisation of Indian air dwelling

NEW DELHI: Finance minister Nirmala Sitharaman on Saturday announced easing of restrictions on utilisation of Indian air space, benefiting civil aviation sector by about Rs 1,000 crore per year. Announcing the fourth tranche of economic stimulus, she said only 60 per cent of Indian airspace is freely available. Efficient Airspace Management for Civil Aviation: Restrictions…

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L&T Finance Holdings Q4 get income declines 30% to Rs 385 crore

L&T Finance Holdings Q4 get income declines 30% to Rs 385 crore

Last Updated : May 15, 2020 10:30 PM IST | Source: PTI Total expenses during the quarter stood at Rs 2,971 crore as against Rs 2,634.56 crore in the year-ago period. L&T Finance Holdings on Friday reported a 30 percent decline in consolidated net profit at Rs 384.86 crore for the fourth quarter ended March…

View More L&T Finance Holdings Q4 get income declines 30% to Rs 385 crore
Manappuram Finance Q4 derive jumps 44% to Rs 398 crore

Manappuram Finance Q4 derive jumps 44% to Rs 398 crore

Manappuram Finance on Thursday reported nearly 44 percent increase in net profit at Rs 398.20 crore for the quarter ended March 2020, on robust interest income.The non-banking financial company (NBFC) had posted a net profit of Rs 277.39 crore during the corresponding period of the preceding fiscal.Total income during the quarter under review rose to…

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NBFC Sundaram Finance revises hobby rates with enact from Could perhaps 1

NBFC Sundaram Finance revises hobby rates with enact from Could perhaps 1

The interest rates on fresh deposits/renewals stand revised to 6.75% (7%) per annum for 12 and 18 months and to 7% (7.25%) for 24 and 36 months With renewals above 80 per cent consistently, the company’s deposit base has crossed Rs 3,650 crore Chennai-based Non Banking Finance Company Sundaram Finance Ltd has revised the interest…

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