Bajaj FinServ (2024)

FAQs

Who owns Bajaj Finserv? ›

Bajaj Group

Bajaj Finserv Ltd. / Parent organization

Bajaj Finserv Ltd: Overview

Its offerings include personal loans, consumer durable loans, small business loans, construction equipment loans, loans against property and shares, two- and three-wheeler financing, and advisory and investment planning services.

The Bajaj family controls the 97-year-old Bajaj Group, best known for motorcycle maker Bajaj Auto and financial services arm, Bajaj Finserv. The group was chaired by Rahul Bajaj, who shared the fortune with cousins Madhur, Niraj and Shekhar. The patriarch died in February 2022 at age 83.

Bajaj Finserv has low foreclosure and pre-payment charges that make this step affordable. You have to only ensure that the part pre-payment amount is greater than the value of one EMI. Fast approval, a high loan amount and flexible repayment modes make a personal loan from Bajaj Finserv better than the rest.

Providing both value and convenience via advanced technology, our partnership with RBL Bank Ltd. extends privileges of electronic payment to the entire consumer base. This aligns with the country's advance toward a cashless model and allows all beneficiaries to enjoy the perks that come with it.

Synopsis. Bajaj Finance shares dropped on BSE as investors reacted negatively to Q4 results. Motilal Oswal downgrades the stock to neutral rating citing weak FY25 guidance. Concerns include new product segments like cars, tractors, CVs, and potentially MFI.

What is the reason? Basis the directive received from Reserve Bank of India (“RBI”) vide its Press Release No. 2023-2024/ 1295 dated November 15, 2023 (“Press Release”), Bajaj Finance Limited has temporarily suspended sanction and disbursal of new loans under 'Ecommerce' like Amazon, Flipkart, MakeMyTrip, etc.

Is a Bajaj Finserv loan safe? Yes, a Bajaj Finserv loan is a safe loan to borrow as Bajaj Finserv follows strict lending guidelines. Bajaj Finserv offers ample features through its secured and unsecured offerings and doesn't levy any hidden charges.

High stability and credibility: Stability and safety of income are most important for senior citizens. Bajaj Finance's FDs feature an AAA rating by ICRA and an AAA stable rating by CRISIL. This ensures that your investment is in safe hands.

Bajaj Finserv Limited - Bajaj Group.

Who is the son of Bajaj owner? ›

Rajiv Bajaj, elder son of Rahul Bajaj, was born on December 21st, 1966. He graduated first in class with distinction, in Mechanical Engineering from the University of Pune in 1988, and then completed his masters in Manufacturing Systems Engineering, with distinction, from the University of Warwick in 1990.

Neelima Bajaj Swamy – Managing Director, Hind Musafir Agency Ltd. and Proprietor, Chili's Organics. Neelima Bajaj Swamy (born on April 23, 1975) is the eldest daughter of Bajaj Auto vice-chairman Mr. Madhur Bajaj.

The Bajaj Finserv Insta EMI Card is a financing solution that allows you to shop for 1 million products on No Cost EMIs. With the Insta EMI Card, you get a pre-approved loan limit of up to Rs. 3 lakh that you can use to shop at 1.5 lakh EMI Network partner stores across 4,000+ cities.

BFS: Consolidated Performance Highlights for FY2022

Consolidated revenue of ₹ 68,439 crore. Consolidated profit after tax of ₹ 4,557 crore. BFL consolidated profit after tax of ₹ 7,028 crore.

Conclusion. Given that Bajaj Finserv is the parent company of Bajaj Finance, its pool of operations is bigger. Therefore, its revenue is also larger. However, Bajaj Finance has shown solid performance both in its operations and financials.