Bajaj Finance Limited

Bajaj Finance get advantage of this (Gain market share)?

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Thanks for the response Sanjeev

Q3FY2023-24 Quarterly Results

Press Release
https://cms-assets.bajajfinserv.in/is/content/bajajfinance/q-3-press-releasepdf?scl=1&fmt=pdf

Conference Call

Transcript

Financials
https://cms-assets.bajajfinserv.in/is/content/bajajfinance/bajaj-finance-q-3-unaudited-financialspdf?scl=1&fmt=pdf

Presentation
https://cms-assets.bajajfinserv.in/is/content/bajajfinance/bajaj-finance-investor-presentation-q-3-fy-24-finalpdf?scl=1&fmt=pdf

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Sometimes unnecessary greed to make money left right and centre can lead to a downfall of an otherwise humongous multi billion dollar business. Such idiocy is prevailing and very well acceptable of otherwise very dignifying business managers who claim “corporate governance” in every public appearance they make.

But is it the fault of bajfinance? This seems like fault of hospital rather than bjafinance

Yeah it’s not about fault. It’s that, as dignifying corporate citizens, we must distance ourselves from acts, that when written about by an able but not so friendly journalist in a regular newspaper, we as managers/owners of that business do not feel ashamed reading it out to our family members.

I am sure that in financial sector you have to do things which don’t look ethical.

Giving a personal loan at 24 perc+ interest is not ethical. Creating mounting pressure on an individual to repay a loan is not ethical, calling millions of people and convincing them to take a loan is not ethical. But doing all of this makes money.

Also, is giving loans at higher interest rate to needy people ethical? But will we ever invest in a company giving loans to needy people at 10 percent? We won’t be able to, such a company will not survive.

A finance company takes all opportunities available to it for growth, optimising its own risk reward ratio.

As a share holder you will like a company growing at 25 perc rather than an ethical company growing at 10 percent, sometimes going into losses so that it can give some leeway to people who might be facing difficulties repaying loans.

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We should learn to draw our lines somewhere. Yet we will always justify our holdings. That’s just innate human psychology.

Keeping ethical considerations aside, this may turn out to be a very big addressable market for NBFCs in future as hospital cost is rising.
Also even comsidering ethical stand, just imagine, selling your house or ancestral land or begging from relatives and friends and taking their favour is better or taking loan from NBFCs and then repaying them monthly is better???

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Any specific reasons for why Bajaj Finance is falling so much? Any new circulars or guidelines or usual profit booking? I tried to search but couldn’t find anything on usual sources.

Request the more informed members of the group to kindly throw some light on.

Thanks,

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Provisional results for Q4 FY24.

The AUM growth despite RBI restrictions are pretty impressive.

It would be interesting to see how much of the incremental 19k Crore Aum growth this quarter (83k crore this year) came from existing customers vs new customers.

bfl-Pre-result-earning-disclosure-for-q4-fy24pdf.pdf (188.3 KB)

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RBI lifts restrictions on Bajaj Finance’s digital loan products https://www.financialexpress.com/business/banking-finance-rbi-lifts-restrictions-on-bajaj-finances-digital-loan-products-3475570/

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How is IPO of a subsidiary good for Bajaj finance?
Demerger will give the existing shareholder the shares of demerged entity. IPO will only make the parent a holding company and hence will result in holding company discount.

https://www.business-standard.com/markets/news/bajaj-finance-stock-gains-4-on-ipo-plans-of-subsidiary-bajaj-housing-fin-124060700332_1.html

Disc: Invested in Bajaj finance, so opinions are biased.