Bajaj FinServ (2024)

FAQs

Is Bajaj Finserv reliable? ›

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.

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.

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.

Bajaj Finance has TTM P/E ratio 30.59 as compared to the sector P/E of 28.91.There are 31 analysts who have initiated coverage on Bajaj Finance. There are 14 analysts who have given it a strong buy rating & 9 analysts have given it a buy rating. 3 analysts have given the stock a sell rating.

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.

RBI directed Bajaj Finance to stop sanctioning and disbursing loans under the 'eCOM' and 'Insta EMI Card' products, effective immediately. The ban has come as a result of the lender not issuing Key Fact Statements (KFS) for these loan products, or there being deficiencies in the ones issued.

The action stands in violation of certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by the RBI. The banking regulator, by an order dated January 29, 2024, imposed a monetary penalty of Rs 5 lakh on the company.

In November 2023, citing the violations of the digital lending guidelines, the RBI imposed restrictions on the issuance of new loans and EMI cards. The central bank said that the Bajaj Finance failed to provide KFS for loans issued through eCOM and Insta EMI Card.

One of Bajaj Finserv's most outstanding achievements is its innovative suite of financial products. They introduced the concept of the Bajaj Finserv EMI Network Card, which allows customers to convert their purchases into easy EMIs at more than 1 lakh partner stores across India.

They are a safe and secure option, and opening an FD is hassle-free. You can earn interest on your deposits by investing in FDs. With highest credit rating of CRISIL AAA/STABLE and [ICRA]AAA(STABLE), Bajaj Finance offers higher FD rates of up to 8.85% p.a. to senior citizens, and up to 8.60% p.a.

How stable is Bajaj Finance? ›

Bajaj Finance FD is the highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE rated fixed deposit offering high FD rates and the security that the investor's money is entirely safe and remains unaffected by market conditions.

Bajaj Finance focuses on consumer finance. Bajaj Finserv is more diversified and focuses on insurance, investment management, and retail financing. Insurance premium, interest income, fees and commission income, dividend income, and other income.

Technicals Summary

Bajaj Finserv Ltd is currently in a Bearish trading position according to technical analysis indicators.

According to analysts, BAJAJFINSV price target is 1754.63 INR with a max estimate of 1897.00 INR and a min estimate of 1330.00 INR. Check if this forecast comes true in a year, meanwhile watch BAJAJ FINSERV LTD stock price chart and keep track of the current situation with BAJAJFINSV news and stock market news.

The Bajaj Pay Wallet is a secure digital wallet offered by Bajaj Pay. The wallet is designed to provide a convenient and secure way to manage money digitally.

Absolutely. Opting for the Bajaj Finserv Insta EMI Card is a prudent decision. Its swift approval process, widespread acceptance, and No Cost EMI option ensure a seamless and cost-effective shopping experience.

Highest Credibility Ratings

These ratings indicate that Bajaj Finance fixed deposit is one of the most trusted options available today. So, you can rest assured that it is safe to invest in Bajaj Finance FDs.