Our focus on the change drivers - Strategy, Structure, creation of a finance function that can support the business in its objectives. Read along! For most . BFL is one of the largest and most diversified NBFCs in India. As a proactive measure, the Company has appointed an Internal Ombudsman (IO) and has institutionalized a process to . Read more about Revenue Secretary Tarun Bajaj on revenue estimates, capital gains etc on Business Standard. . Get the best touchscreen watches from Samsung on the Bajaj Finserv EMI Store and avail of a cashback voucher worth Rs. Bajaj Finance stock touched a record high of Rs 8,043.50, rising 3.82% on BSE. BAJAJ FINANCE LIMITED Corporate Office Ext. Business Transformation. HR and talent management functions at Bajaj Finance Limited (BFL) were managed through a host of legacy and stand-alone systems. Business Standard's Arup Roychoudhury and Asit Ranjan Mishra spoke to Revenue Secretary Tarun Bajaj to know about revenue estimates and recent taxes levied on cryptocurrencies. Net Interest Income . In his previous stint, he was heading corporate strategy and fintech at Bajaj Finance, where he has played multiple roles in the digital transformation and business innovation space.He has also worked at fintech startups for close to six years and companies like HDFC Bank and CitiFinancial earlier. Cross Country Consulting is a trusted business advisory firm, specializing in Accounting Advisory, Business Transformation, Risk & Compliance, Cybersecurity, and Technology Solutions.. We're looking for a Director to join our growing West Region practice and leadership team where Excellence is a priority, Collaboration is the norm, Energy is contagious, and the opportunity to make an Impact . Anup Saha — Bajaj Finance Ltd — Analyst Simplifying disparate HR processes for scale, superior employee experience & business agility. BofA Securities is BULLISH on this giant NBFC and confident about the future growth . BAF launched its wallet business (Bajaj Pay) on July 1, 2021. New Delhi: The Indian equity benchmarks on Wednesday traded higher in opening deals led by gains in banking stocks. profitability and update on business transformation project. The company is looking to originate almost 2 million customers per quarter. The management states that except for the B2C business, all of the others have momentum going for them. Bajaj Finance's Annual Report shares a glimpse of the management's two-pronged strategy implemented in FY21: conservatism, prudence and the acceleration of the business transformation plan. maintaining strong liquidity, preserving capital, augmenting debt management capacity, implementation of a business transformation exercise including but not restricted to looking at 'new ways of doing business' and ensuring safety of its employees. Blueprint For School System Transformation: A Vision For Comprehensive Reform In Milwaukee And Beyond (New Frontiers In Education)|Carolyn Sattin Bajaj, The Oil Finders: A Collection Of Stories About Exploration|Allen G (editor) Hatley, Langenscheidt Fachwörterbuch Kompakt Recht Englisch|Heike Simon Stuart G. Bugg, Empty And Evil: The Worship Of Other Faiths In 1 Corinthians 8-10 And Today . The Bajaj Group holds management and macro-economic overlay of ~Rs 1,083 crore as at 31 December 2021. Bajaj Finance share price closed at Rs 6086.4, up Rs 412 or 7.3%. It said its business transformation 'go-live' is behind schedule by 45 days due to delays . Reliance already has two new growth verticals in place with a fledging finance business in the making. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today. On a standalone basis, the lender reported a net profit of Rs 1,934 crore. . Rajeev Jain, Managing Director, Bajaj Finance said at the analyst conference call, capital adequacy is good for the next three years with Capital adequacy ratio at 28.18% and Tier I capital ratio at 24.73%. The Bajaj Finserv Health App is like a personalised health manager, offering consumers a one-stop destination to avail convenient, connected and cost-effective health solutions. In October 2020, Bajaj Finance announced that it was developing a new business framework and would be upgrading its digital platform in a bid to more . Aditya Jain — Citigroup — Analyst. With the various steps taken during the pandemic, the company is confident of achieving higher volumes, a leaner cost structure, and a strong digital platform offering superior services across the value . Given COVID-19, in April, the Company had a choice to make. Business transformation slower Bajaj Finance continued its digital transformation journey, although a bit weaker than initially envisaged. All conglomerates including Tatas, Birlas, Bajaj, have their own finance companies catering to the needs of their consumers across the group and new . The profile has been compiled to bring to you a clear and an unbiased view of the companys key strengths and weaknesses and the potential opportunities and threats. Bajaj Finance Ltd (NSE:BAJFINANCE) Q2 FY22 Earnings Concall dated Oct. 26, 2021Corporate Participants: Sandeep Jain — Chief Financial Officer. Abhijit Adhya joins GroupM UK as Finance Business Transformation Lead, EMEA Updated: Feb 05, 2022 14:06 IST ARC Finance Ltd. plans major expansion, board to meet to consider sub division into FV . Bajaj Finance & Bajaj Finserv पर आज खरीदारी की राय पर Expert से लें सलाह, किस Stock पर नजर आ रही तेजी . Priyanka Iyer January 24, 2022 / 12:48 PM IST Bajaj Finance 52-week low is Rs 2199. We expect the overall medium-term trajectory to remain strong even as a combination of Here's what brokerages have to say on Bajaj Finance's stock and Q1 earnings: Goldman Sachs. The non-banking finance company (NBFC) is also developing five proprietary marketplaces to provide various options to customers to buy financial products and services. Bajaj . The Company booked 3.62 MM new loans during Q2 FY21 as against 6.47 MM in Q2 FY20. 15. the satisfaction pf making Bajaj Finance, the uno in the NBFC segment, at least in the retail lend- ing business, Where the ticket size is relatively small, compared to lend- ing companies in the infrastructure segment. India's bond and forex markets were shut on Monday for a public . Rajeev Jain MD. Asian Paints' performance, other important financial news, and an educative concept to help you keep learning. continues to invest in teams and technology for business transformation. Vikas has been in leadership roles in Shared Services industry for almost 14 years. Transformation of Reliance Industries . About the Company Bajaj Finance is engaged in the business of lending. Business transformation remains on track for phase-1 to go live in October 2021," the company said in an investor presentation. Other than Auto finance business which has collateral, expect Net NPAs to revert to pre-covid levels of NPAs. Bajaj Finance is a dominant player in the consumer finance space while it has also made a foray into various lending segments wherein the housing has grown to a significant size. Team Marcellus has given further meticulous detail about Bajaj Finance's business game plan. 12. Understanding Bajaj Finance's business transformation 2.0. Goldman Sachs maintained a 'sell' rating on the stock with a target price of Rs 4,479 per share as the company's Q1 operating . He is a visionary and lead successfully 4 Green Field Projects in India and 1 Brown Field Project in Philippines across Telecom and Energy management/manufacturing companies. Key highlights - (i) only 6 mn existing customers (~12% . The company is in the middle of a business transformation, which aims to significantly strengthen its technology, data science, app design, and content design to transform the customer experience model. Update on digital business transformation. Management is currently witnessing MoM improvement in volumes across . Key highlights of Bajaj Finance Q1FY22 Results: Posted a PAT of INR 10 Bn; up by 4.2% YoY, AUM up by 15.2% YoY. 3,000 Brisk but measured growth, he hopes, will help him achieve this goal. Ultimately, it is stated that: " While business transformation 1.0 over the past decade has resulted in BAF building a customer franchise of ~50 million customers, in this newsletter we discuss how BAF's business transformation 2.0 is likely to be . Focal's first and largest experience center opens in Pune, Maharashtra, India. Bajaj Finserv enters healthtech solutions business. Bajaj Finance has the largest market cap in the consumer finance sector at Rs 4.73 lakh crore. Analysts: Anuj Singla — Bank of America — Analyst. Finance Function Transformation 9 Phase I of the digital transformation journey has gone live and in Phase II Bajaj Finance's app will offer 72 features as compared to 52 currently. 23 Jan, 2022 Business & Finance News: Zomato Share Price, ICICI Bank Q3 Profit Result, Spotify Market Share fall, Bitcoin price Crash, Yes Bank Profit Rise, Twitter Manager for Crypto, LIC Scheme - StudyFlows. The Company booked 3.62 MM new loans during Q2 FY21 as against 6.47 MM in Q2 FY20. + 0 finance. Management is currently witnessing MoM improvement in volumes across . While the pandemic year put pressure on asset quality and slowed down disbursals, BAF's proactive management team saw this as an . Finance Limited. Position: 2022 Undergraduate Summer Internship<br>** Eligibility:*<br>* - The program is open to rising college or university seniors (graduating in December 2022 or Spring 2023)<br><br>- U.S. Work Authorization is required for US interns<br><br>** Duration:*<br>* - 9 weeks beginning in June 2022<br><br>- Interns must be able to commit to the full length of the program<br><br>** Deadline:*<br . Q4 FY21 Updates Financial Results & Highlights Standalone… Read More This also may become a vertical in its own right. Bajaj Finance Limited (BAJFINANCE) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the companys businesses and operations. Taking a breather Bajaj Finance - SELL 10 December 2021 [email protected] 10 Figure 16 While HDFC Bank's PE has been stable over the years, Bajaj's PE has been rising and now is at 120% premium to that of HDFC Bank Source: Companies, CLSA; Note: PE valuation on a 1-year forward basis Further equity capital raises to not be as frequent as in . Finance Transformation People and Process & Technology, accelerates the The Finance Function Transformation is a holistic exercise to translate finance vision into action. Before joining Lendingkart as Head of Cross-Sell and Channel Partners, he worked in Bajaj Finance Ltd and was the Business Head for Digital Personal Loans effective Dec 2019. Analyst's View: Bajaj Finance is one of the fastest-growing NBFCs in . Bajaj Finance share price soared to new highs in yesterday's trading session. Bajaj Finance Limited 3 Limited-@ * ^ @ @ @ @ BAJAJ FINANCE LIMITED. Let's listen in Bajaj Finance is working on a "business transformation project", which is expected to go live by early October. Bajaj Finance's loan growth is firmly back, up 9% q-o-q in Q3FY22. Asian Paints released their Q1FY22 numbers- profit more than doubles to Rs 574.3 crore, revenue jumps 91% YoY. Bajaj Finance reported a net profit of Rs 2,125.29 crore for the . 17. The Indian equity benchmarks snapped their three-day winning streak led by gains in Reliance Industries, Bajaj Finance, Tata Steel, ICICI Bank, Axis Bank, Asian Paints and Bajaj Finserv. He started his journey in Bajaj Finance Ltd in Jul 2017 as VP - Digital Transformation. Abhijit Adhya joins GroupM UK as Finance Business Transformation Lead, EMEA. . Team Marcellus has given further meticulous detail about Bajaj Finance's business game plan. Bajaj Finance's AUM rose 22 per cent to Rs 1,66,937 crore at the end of September quarter of 2021. . Bajaj Finance has reported an 85 per cent jump in consolidated net profit to Rs 2,125 crore in the October-December quarter (Q3 of FY22), beating Street estimates. Loan losses and provisions for the quarter were ₹1,051 crore. As of 9:30 am, the benchmark BSE Sensex jumped 514 points or 0.61 per cent to . profitability and update on business transformation project. Since 15.10.2013, he is the Vice Chairman of Bajaj Finance Limited. It has the experience of working with approximately 48.6 million customers since it started its transformational journey in FY2008 from a mono-line captive lender to a diversified financial service business. The cost to NII ratio excluding the digital transformation costs would be 31.5%. John has 17 years of experience as a business and digital leader in the financial services industry. The profit was aided by a robust growth in net interest income (NII) and lower provisions. FY22 was a rough start for Bajaj Finance but the company's NPA has been falling since. . Bajaj Finance Limited (BFL), in particular, has always been at the helm of technological innovation since its inception. 16. Bajaj Finance's loan growth is firmly back, up 9% q-o-q in Q3FY22. According to analysts and the company's management, these numbers are back to pre-Covid levels. Bajaj Finance - A quick glance at the Executive Summary for Q2 FY21. Bajaj Finance 1,32,913 1,09,598 1,23,281 21.3 7.8 Housing 49,203 35,492 44,429 38.6 10.7 . In November 2019, in one of its long-range planning sessions BAF had envisaged that it will take about four years to build a complete app based ecosystem. Bajaj Finance - A quick glance at the Executive Summary for Q2 FY21. Bajaj Finance Q1FY22 result: Consumer finance major's net profit rises 4.2% to Rs 1,002 crore, asset quality weakens. Bajaj Finance's transformation from being a traditional deposit-taking, non-bank lender to entering the competitive fintech space on Tuesday has been a long time coming. The systems offered limited self-service, leading to higher turn-around-time . Other than Auto finance business which has collateral, expect Net NPAs to revert to pre-covid levels of NPAs. Bajaj Finance aims to bring down its gross NPA to 1.7-1.8% and . Rajeev Jain — Managing Director. : 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune-411014, Maharashtra, India . : 3rd Floor, Panchshil Tech Park, Viman Nagar, . Business transformation process will lead to significant enhancements in self service infrastructure for customers resulting in 38. It also accepts public and corporate deposits and offers a variety of financial services products to its customers. Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and the recently introduced Lifestyle Finance. CARS24, an e-commerce platform for pre-owned vehicles, has joined hands with Bajaj Finance to provide used car financing in a seamless way and facilitate a quick, frictionless and streamlined . Enter the characters shown in the image. High valuations could be justified if digital fintech transformation imparts higher growth. The stock of NBFC major Bajaj Finance has seen selling in the past few sessions, after negative reports by some analysts. BAJAJ FINANCE LIMITED Corporate Office Ext. In Q3, the Company has increased management overlay provision . Bajaj Finance Share price made LIFE HIGHS of Rs 6115 on Thursday, June 10. Was the Non-Executive Director of these two companies from their inception in 2001 up to 31 March 2013. Rajeev Jain, Managing Director, Bajaj Finance said at the analyst conference call, capital adequacy is good for the next three years with Capital adequacy ratio at 28.18% and Tier I capital ratio at 24.73 per cent. Business traction is back to pre covid levels and AUM Consumer business forms 34% of overall consolidated Asset Under Management Bajaj Finance maintained strong operating metrics over various credit and rate cycles . The blue-chip NSE Nifty 50 index was down 0.35% at 17,455.65, as of 0359 GMT, while the S&P BSE Sensex slipped 0.35% to 58,441.57. So some semblance of normalcy has returned to the business. BAJA' FINANCE Date of birth: 06-09-1970 CLSA says the stock was likely to "undershoot expectations in the medium -term". Bajaj Finance January 19, 2022 3 Key Conference Call Highlights Business Update - Phase 1 of business transformation is delivered and phase 2 (which will introduce new products and features) is in process and Co plans to deliver it in next 8-9 months. The transformation has had investors hyped, with shares of the company rising more than 50 per cent for the year till October before losing some of those gains in a recent . We expect the overall medium-term trajectory to remain strong even as a combination of. Given COVID-19, in April, the Company had a choice to make. Bajaj Finance's P/E ratio is at 10.7.05 while its P/B ratio is at 12.82, both of which are highest in the sector. Financial Services company Bajaj Finance reported an 85.5% rise in consolidated net profit at ₹ 2,125 crore for the third quarter from ₹ 1,146 crore in the year-ago period. The tech platform, according to the BofA Securities report co-authored by research analysts Anuj Singla and Bharat Subramanian, will help the company capture a larger wallet share of 2.69 crore cross-sell customers and target more . Rajendra Bisht Vice President - Technology & Digital at Bajaj Finance Ltd. - Auto Finance Pune, Maharashtra, India 500+ connections Kurush Irani — Group Business Head- Commercial Lending. Key highlights - (i) only 6 mn existing customers (~12% of the existing base) have migrated to the new app; (ii) e-store generated 5.3% of loans in Q3FY22; and The management expects to onboard 20-25 million wallet customers by March 2023. Bajaj Finance's asset quality improved quite a bit on a QoQ basis as its net NPA ratio fell 32 bps. Bajaj Finance Market cap is Rs 3.67 lk cr now. Ultimately, it is stated that: " While business transformation 1.0 over the past decade has resulted in BAF building a customer franchise of ~50 million customers, in this newsletter we discuss how BAF's business transformation 2.0 is likely to be . on January 23, 2022. With an intent to take that innovation to next level, BFL embarked upon a Commercial Lending Transformation to identity and implement best of the breed right-fit technology platform to continue maintain its dominance in the . Business transformation slower Bajaj Finance continued its digital transformation journey, although a bit weaker than initially envisaged. Chairman of Bajaj Allianz Life Insurance Company and Bajaj Alliance General Insurance Company with effect from 01-04-2013. It enables the customer to receive and maintain health records digitally, which would be integrated with the . BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. Bajaj Finance Ltd has developed a wallet application called Bajaj Pay and is on course to come out with an integrated payment solution for merchants. Initiating its digital journey in 2019, BAF is currently on an accelerated digital transformation trajectory, hastened by the pandemic. Market cap of the NBFC rose to Rs 4.79 lakh crore.
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