Bajaj Finance Reports 29 Percent Profit Rise
Bajaj Finance posted a 28.7 percent rise in quarterly profit to 63.67 billion rupees, driven by robust loan growth and a surge in gold loans. Assets under management grew 26 percent year-on-year in the September quarter.
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Bajaj Finance reported a 28.7% rise in quarterly profit on Monday, driven by strong loan book growth across consumer and commercial segments. The non-banking lender posted consolidated profit after tax of 63.67 billion rupees ($670.74 million) for the quarter ended September 30. The results highlight resilient borrowing demand in India despite tighter underwriting standards in specific small-business portfolios.
