Bajaj Fin logs highest ever quarterly profit
Business Standard|January 28, 2023
Bajaj Finance reported its highest-ever quarterly profit at ₹2,973 crore in the December quarter (Q3) of FY23, up 40 percent year-on-year (YoY). The performance was aided by a healthy rise in net interest income (NII) and a drop in provisions and contingencies.
SUBRATA PANDA
Bajaj Fin logs highest ever quarterly profit

Lenders make provisions against doubtful assets, whereby they set aside a portion of their capital against the loan to absorb the losses in case of default.

This story is from the January 28, 2023 edition of Business Standard.

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This story is from the January 28, 2023 edition of Business Standard.

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