Bajaj Finance Ltd (BAJFINANCE)

Bajaj Finance Reports Strong Q1 Results - 24 Jul, 2024

Bajaj Finance reported a 14% increase in net profit and 25% growth in net interest income for Q1 FY25. Assets under management grew by 31%, reaching Rs. 3.54 lakh crore. Gross NPAs and Net NPAs stood at 0.86% and 0.38%, respectively.

Bajaj Finance Reports Strong Q1 FY25 Results - 23 Jul, 2024

Bajaj Finance reported a consolidated net profit of Rs 3,912 crore in Q1 FY25, with assets under management at Rs 354,192 crores. The company's net interest income grew by 26% YoY, while PAT rose by 16% YoY. New loans booked during the quarter grew by 10%, and AUM jumped 30% YoY. Analysts expect the net profit to log 16.4% on-year growth to Rs 4,000 crore.

Bajaj Finance Expected to Post Strong Q1FY25 Earnings - 22 Jul, 2024

Bajaj Finance is expected to report strong Q1FY25 earnings, with a projected 26% YoY increase in net interest income and a 16% YoY rise in profit after tax. The company's loan and deposits growth, stable margin, and healthy asset quality are driving the growth.

Bajaj Finance to Announce Q1FY25 Results on July 23 - 21 Jul, 2024

Bajaj Finance is set to announce its quarterly results for Q1FY25 on July 23, 2024. The stock has given a negative return of 8% in one year. However, the company's revenue and net profits increased by 5% from the December quarter to the March quarter.

Bajaj Finance Fined by IRDAI - 18 Jul, 2024

Bajaj Finance has been fined Rs 2 crore by the Insurance Regulatory Development Authority of India (IRDAI) for violations during an inspection covering FY18 to FY20. The company has been instructed to comply with directives promptly.

Bajaj Finance Fined Rs. 2 Crore by IRDAI - 17 Jul, 2024

Bajaj Finance has been fined Rs. 2 crore by the IRDAI for violating regulations related to reporting commissions and professional fees, as well as not properly maintaining customer documentation records. Despite facing challenges from RBI restrictions, Bajaj Finance's Q4 FY24 net profit rose 21% YoY to Rs. 3,825 crore.

IRDAI Imposes Penalty on Bajaj Finance - 16 Jul, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 2 crore on Bajaj Finance for violations of regulatory norms related to commission reconciliation and customer documentation. The company's shares declined marginally by 0.27% to Rs 7,045 on NSE.

Bajaj Finance Stock Slips Below Moving Averages, Bearish Sentiment Grows - 12 Jul, 2024

The stock of Bajaj Finance has slipped below its long-term moving averages and given a consolidation breakdown on a daily scale, forming a sizeable bearish candle. Derivative data supports the overall bearish chart structure, leading analysts to recommend selling the stock in the range of Rs 6,950-6,980 with a stop loss of Rs 7,160 level. The downside is expected to test Rs 6,600 followed by Rs 6,400.

Bajaj Finance Lowers Deposit Rates by 20 Basis Points - 07 Jul, 2024

Bajaj Finance has decided to lower deposit rates by 20 basis points on its highest rate slab, offering 8.40% a year from July 16 against 8.60% now for 42 months maturity. The decision may have been triggered by the fall in net interest margin (NIM).

Bajaj Finance Reports Strong Growth in Q1FY25 - 04 Jul, 2024

Bajaj Finance reported a healthy increase in its Q1FY25 performance with 10% YoY growth in new loans, 31% YoY growth in AUM, and 26% YoY growth in deposit books. The company added 4.47 million new customers, marking a multi-quarter high. Brokerages are divided on the stock with Morgan Stanley giving an overweight call on the stock for a target of Rs 9,000, Citi suggesting a buy call with a target price of Rs 8,675, and UBS recommending a sell with a target of Rs 6,800.

Bajaj Finance Reports Strong Growth in Assets Under Management - 03 Jul, 2024

Bajaj Finance's assets under management rose by 31% YoY to Rs 3.54 lakh crore in the quarter ended June 30, 2024. The non-bank lender also reported a 10% YoY growth in its loan book, which stood at 10.97 million as of June.

Bajaj Finance Launches Affordable Housing Segment & Plans IPO Worth Rs 7,000 Crore - 02 Jul, 2024

Bajaj Finance subsidiary BHFL launches Sambhav Home Loans while the parent company plans an IPO worth Rs 7,000 crore. Meanwhile, Bajaj Finance MD Rajeev Jain's total remuneration for FY24 exceeds Rs 100 crore due to ESOPs.

Founder of Augment Capital Services LLP Loses ₹20 Lacs in Bajaj Finance Stock - 30 Jun, 2024

Anand K Rathi, founder of Augment Capital Services LLP, lost about ₹20 lacs in just eleven days due to the downward spiral of his single stock portfolio, which is Bajaj Finance. He also shared 5 tips for aggressive investors.

Bajaj Finance Fined by RBI; Ashok Leyland Partners with NBFC for Financing Solutions - 28 Jun, 2024

The Reserve Bank of India has fined Bajaj Finance Rs 2.5 crore for failing to prevent the harassment of borrowers by its recovery agents. Meanwhile, Ashok Leyland has entered into a strategic partnership with Bajaj Finance to offer customized financial solutions to customers nationwide.

Tata Motors Partners with Bajaj Finance for Commercial Vehicle Financing - 25 Jun, 2024

Bajaj Finance has entered into a strategic partnership with Tata Motors to provide comprehensive financing solutions for its entire commercial vehicle portfolio. The collaboration aims to leverage Bajaj Finance's extensive reach and competitive interest rates to benefit Tata Motors customers, facilitating easier access to loans through digitally-enabled processing and flexi loan options.