Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.
Once the allotment of the Bajaj Housing Finance IPO is finalised, investors can check their status on the official websites of BSE, NSE, or Kfin Technologies from today
Bajaj Housing Finance IPO, which ends today, has so far received an overwhelming response from investors, with the public issue being subscribed 7.50 times by the second day of subscription
Bajaj Housing Finance is looking to raise Rs 6,560 cr, of which fresh issues are for Rs 3,560 cr and offer for sale is for Rs 3,000 cr. Bidding for the IPO opens on Sept 9 and closes on Sept 11
Bajaj Finance's housing finance arm Bajaj Housing Finance filed its Red Herring Prospectus (RHP) for an up to Rs 7,000-crore IPO
Special shareholder quota for Bajaj Finserv, Bajaj Finance shareholders
Penny stocks under Rs 10: Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks, you would have become a millionaire by now
The funds will be raised under the Reserve Bank of India's external commercial borrowing route, which caps the interest rate at 500 basis points over the benchmark rate
Bajaj Finance on Monday said it has received a show cause notice for a GST demand of Rs 342 crore. In a filing to the BSE, Bajaj Finance said in the show cause notice (SCN) from the Director General of GST Intelligence (DGGI), Kochi Zonal Unit, the authorities have alleged that the fixed amount of upfront interest collected from customers in B2B business should be considered as fee/service charge and accordingly is liable to GST. "The amount of GST demanded vide above referred SCN is Rs 342 crore (excluding interest and penalty) for the period from July 2017 to March 2024," it said. The DGGI has also proposed an equal amount of penalty and interest till the date of payment of the said tax. The company is in the process of filing a reply against the SCN to substantiate its stand. Shares of Bajaj Finance closed at Rs 6610.30, down 0.13 per cent over the previous close on the BSE.
At the current juncture, ICICI Bank has found support within its previous breakout range and has maintained this level for the past three sessions.
Commercial vehicle maker Daimler India said on Tuesday it has partnered with Bajaj Finance to offer tailor-made vehicle financing options for both its customers and dealers. The strategic partnership will offer customer-focused finance solutions with faster turnaround times for loan approvals, streamlined credit appraisal processes, and customised financing options to suit various customer needs, Daimler India Commercial Vehicles (DICV) said. As part of this collaboration, Bajaj Finance will provide a comprehensive range of finance products with flexible terms and conditions to cater to different business requirements, it said. "...This partnership helps our customers grow their businesses with confidence and capitalise on new market opportunities," said Sreeram Venkateswaran, President and Chief Business Officer at Daimler India Commercial Vehicles. "We are rolling out bespoke solutions for various customers from single truck owners to fleet operators providing them flexible ...
Bajaj Finance share price target: Bajaj Finance, analysts said, may face net interest margin pressure in Q2FY25 which may limit upside in stock price
Loan losses & provisions up 69% on muted collection efficiencies
Bajaj Finance's loan losses and provisions - the money set aside to cover potential defaults - grew nearly 70% to Rs 1,685 crore, well ahead of analysts' estimate of Rs 1,466 crore
Bajaj Finance said that the decision does not have any material impact on its financial, operational, or other activities, the company said in an exchange filing
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The deposits book of the company rose by 26 per cent to Rs 62,750 crore from Rs 49,944 crore as of June 30, 2023
Tata Motors on Tuesday said it has partnered with Bajaj Finance Ltd for offering financing solutions across its entire commercial vehicle portfolio. The company has signed a memorandum of understanding (MoU) with Bajaj Finance Ltd, part of Bajaj Finserv Ltd, for the same and customers will benefit from the latter's wide reach, competitive interest rates, flexi loan and digitally-enabled loan processing, Tata Motors said in a statement. "We are confident that their (Bajaj Finance) inaugural venture into commercial vehicle financing will allow them to tap the immense potential that the transportation sector brings in, and this partnership will benefit entrepreneurs across the country," Tata Motors Commercial Vehicles Vice President & Business Head - Trucks, Rajesh Kaul said. With Bajaj Finance's wide network in rural and urban areas, customers will have easy access to financing solutions as per their requirements, he added. Bajaj Finance Deputy Managing Director Anup Saha said, "...
The downside in Bajaj Finance, Bernstein said, was because much of the positives are priced into the stock's rich valuations