 "The top line is expected to grow by 10-12%: Sanjiv Bajaj")
A diversified book helped to sustain robust performance, says Sanjiv Bajaj, managing director of Bajaj Finserv, holding company for the group’s financial business. Excerpts:
What are the takeaways from the quarter (Q3) gone by?
In a challenging economic environment of slow growth, high inflation and high interest rates, the company has performed well.
A diversified book has helped to show robust performance. Bajaj Allianz Life Insurance has shown good growth (for a consecutive quarter). The period of fall in growth is behind the (life insurance) company.
How has the demand trend been for the lending business and general insurance?
We have seen a slowdown in the two-wheeler segment and motor insurance (part of the non-life insurance business).
As we enter the fourth quarter, how is business sentiment for growth, both top line and bottom line?
The top line is expected to grow 10-12 per cent against nine-10 per cent before. Will not like to comment on the bottom line.
What are the takeaways from the quarter (Q3) gone by?
In a challenging economic environment of slow growth, high inflation and high interest rates, the company has performed well.
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What helped to show stable growth?
A diversified book has helped to show robust performance. Bajaj Allianz Life Insurance has shown good growth (for a consecutive quarter). The period of fall in growth is behind the (life insurance) company.
How has the demand trend been for the lending business and general insurance?
We have seen a slowdown in the two-wheeler segment and motor insurance (part of the non-life insurance business).
As we enter the fourth quarter, how is business sentiment for growth, both top line and bottom line?
The top line is expected to grow 10-12 per cent against nine-10 per cent before. Will not like to comment on the bottom line.