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Bajaj Fin watchful on rural B2C credit
Mint Mumbai
|January 30, 2024
Consumer financier Bajaj Finance on Monday said it continued to remain watchful of risk metrics in its rural b2c (business-to-consumer) segment and has calibrated the pace of growth in the business.
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The non-banking financial company's (NBFC) loan losses and provisions were 1,248 crore in the three months through December, up 48% from the same period last year.
Bajaj Finance posted a net profit of $3,639 crore in Q3, up 22% year-on-year (y-o-y) but fell short of analyst expectations. Bloomberg estimates had pegged its Q3 profit at £3,750 crore.
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