Shares of Bajaj Finance gained 4.1 per cent at Rs 7,201 per share on the BSE in Friday's intraday trade
Stocks to watch on June 07: Bajaj Finance's subsidiary, Bajaj Housing Finance, approved an IPO worth of Rs 4,000 crore
The IPO would include a sale of shares by existing shareholders
The IPO would be subject to market conditions, approvals and regulatory clearances, the company added.
Since 2020, the RBI has placed business restrictions on many players
Tata Motors on Monday said its passenger vehicles and passenger electric mobility subsidiaries have tied up with Bajaj Finance for providing supply chain finance solutions to their respective dealers. Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have joined hands with Bajaj Finance to extend supply chain finance solutions to its passenger and electric vehicle dealers, the company said in a statement. Under a Memorandum of Understanding (MoU), the participating companies will come together to leverage Bajaj Finance's wide reach to help dealers of TMPV and TPEM access funding with minimal collateral, it added. The partnership with Bajaj Finance will further strengthen the access of the dealer partners to increased working capital, TPEM CFO and TMPV Director, Dhiman Gupta said. "Through this financing programme, we will arm TMPV and TPEM's authorised passenger and electric vehicle dealers with financial capital, which
Ajit Mishra, SVP-Research of Religare Broking expects the Nifty to face resistance in the 22,300 - 22,400 range.
Bajaj Finance stock price update: This was Bajaj Finance stock's biggest single-day rally in three years
Stocks to Watch on May 3, 2024: The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance's two products 'eCOM' and online digital 'Insta EMI Card', with immediate effect
All you need to know before Sensex, Nifty opens for trade on Friday, May 03: Positive global cues, Gift Nifty hint at gap-up open; Bajaj Finance, CoForge, Yes Bank in focus.
The Non-Banking Financial Company (NBFC) will resume sanction and disbursal of loans through both these business segments, including issuance of EMI cards
The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance on sanctioning and disbursal of loans through eCOM and Insta EMI Card, the company said in a regulatory on Thursday. In November last year, the central bank had directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products -- eCOM and Insta EMI Card -- due to non-adherence of the company to the extant provisions of digital lending guidelines. "Now, we wish to inform that the RBI, vide its letter dated 2 May 2024, based on the remedial actions taken by the company, has conveyed its decision of lifting the said restrictions on eCOM and online digital 'Insta EMI Card', with immediate effect," the company said in a filing to the stock exchanges. The company further said it would now resume sanction and disbursal of loans in the two business segments including issuance of EMI cards. "The company remains committed to ensure adherence and compliance of regulatory guidelines," it ...
Bajaj Finance stock price news: Motilal Oswal Financial Services has downgraded the stock due to more margin pressure in FY25
Stock market preview Friday, April 26: Global cues mixed, but sharp rise in 10-yr US bond yield to 4.73 per cent may weigh on the trading sentiment. Individual stocks to remain in focus on Q4 results.
The board of directors of Bajaj Finance has recommended a dividend on equity shares at the rate of Rs 36 per share of face value of Rs two each for the financial year ended March 31, 2024
Shares of Bajaj Finance Ltd closed trading at Rs 7,293.90 on Thursday ahead of the company's Q4FY24 results
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Bajaj Finance, part of Bajaj Finserv, has increased fixed deposit (FD) rates for most tenures by up to 60 basis points (bps). Bajaj Finance is a deposit-taking non-banking financial company registered with the Reserve Bank of India. Effective April 3, 2024, the company has increased FD rates for senior citizens by up to 60 basis points in the 25-35-month tenure and 40 basis points in the 18-24-month tenure. For non-senior citizens, rates have been hiked by up to 45 basis points in the 25-35-month tenure, 40 basis points in the 18 and 22-month tenures, and 35 basis points in the 30 and 33-month tenures, the company said in a release. Senior citizens can continue to avail FD rates of up to 8.85 per cent and non-senior citizens can take benefit of rates of up to 8.6 per cent, by booking digitally in the 42-month tenure, it said. "Our enhanced rates across several investment buckets present an attractive proposition for investors seeking stability," said Sachin Sikka, Head - Fixed ...
As per an affidavit filed with the Election Commission of India, Rahul Gandhi's top stock holdings include Pidilite Industries, Bajaj Finance, Nestle, ITC, Hindustan Unilever and Tube Investments.