Business Standard

Friday, December 20, 2024 | 12:25 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

As growth declines, stress increases for Bajaj Finance; stock falls over 2%

The non-banking financier has turned cautious on the lifestyle segment in Q2

The addition to MSCI's indices has sent Riyadh stocks into a bull market and brought record fund inflows
Premium

One of the reasons for asset quality numbers not looking as good as in the past is Q2’s relatively weak loan growth.

Hamsini Karthik Mumbai
When a usually confident and optimistic head of a large lender is uncertain of the near-term demand trajectory, it signals that the underlying economic stress is possibly deeper than perceived. 

The lender here is Bajaj Finance, headed by Rajeev Jain.

“We would be able to make a comment on the festive season only by the end of the December quarter,” he said. 

What this implies is that while Bajaj Finance may have put up a solid showing in terms of the overall numbers, there’s not much to suggest that the trends are equally robust. This may partly be the reason for the Bajaj

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in